Yes , Grongron , the MGMT converted their personally owned Preferred Shares to Restricted Common and at some point they used their magic wand to create another 50 million Preferred that are corporately owned and are assuredly meant for voting control to do whatever the heck they please .
Pink Sheets that refuse to file material information with the SEC approved OTC Pink Sheets should be dispatched to the Grey Sheets until they do file Financials / Form 3's & 4's / A/S and O/S alterations / mergers / acquisitions / change of MGMT / etcetera .
To bite the worm of incite is to bite the HOOK of the antagonist . They win .