EarnestDD...
Look, With Traveller's wife having the majority of the Preferred shares, all 'she' has to do is call for an increase in the AS. There is now a vote and with the Preferred Shares having a vote equal to 75% of the voting shares, in effect there does not even need to be a call for a shareholder vote, as control rests with the Preferred Shares. There was recently an increase in the AS from 1 Bil to 2 Bil. and these 'new' shares are the ones being dumped into the market. The Preferred Shares, after all of the 'new' 1 Bil are dumped, will still control 75% of the voting.
"Each share of Series A Preferred shall be entitled to vote on all shareholder matters presented to the holders of common stock and shall be entitled to cast, on a pro-rata basis, that number of votes it would otherwise be entitled to on a post-conversion basis. In aggregate, the issued and outstanding shares of Series A Preferred shall be entitled to cast that number of votes equal to seventy-five percent (75%) of all shares of common stock on a post-conversion basis. For example, if there are 100 shares of common stock outstanding, the Series A Preferred shares would be entitled to vote, in aggregate, the equivalent of 300 votes."
"If the common stock issuable upon conversion of the Series A Preferred shall be changed into the same or different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise, the conversion rate shall, concurrently with the effectiveness of such reorganization or reclassification, be proportionately adjusted so that the Series A Preferred shall be convertible into, in lieu of the number of shares of common stock which the holders would otherwise have been entitled to receive, a number of shares of such other class or classes of stock equivalent to the number of shares of common stock that would have been subject to receipt by the holders upon conversion of the Series A Preferred immediately before that change."
"Taking advice from known stock promoters is like telling a pickpocket where you keep your money!!!"
Shut down the Pink Sheets for good. Call your congressman, FINRA, SEC, etc. Let your voice be heard so that this SCAM exchange can be shut down
