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Re: tikasun post# 90769

Thursday, 06/10/2010 2:16:17 PM

Thursday, June 10, 2010 2:16:17 PM

Post# of 111729
You are looking at the voting rights and the conversion ..

You wrote

No, if you look at the way it's written it says 1000:1 referring to a split like 1000 shares to every 1 share, sounding like a f/s. If you write it 1:1000 it becomes 1 share to every 1000 shares sounding like a r/s. Maybe they wrote it wrong.



bylaws state

Series B Preferred - 1000-1 voting power, and 1000-1 conversion.



I interpret that to mean ... 1000 votes for every 1 share of the Preferred Class B owned and 1000 common shares for every 1 Class B

The 20 million class B represent the voting power of 20 billion common shares. Upon board approval could be converted to 20 billion common shares.

I hope that helps.