I have a question for the board.
If a company states their preferred shares have no value, they are only for voting rights. Why, when I go to the SOS I read this:
Preferred Shares:
10,000,000
Preferred Par Value:
$.001
Common Shares:
700,000,000
Common Par Value:
$.001
Oh, each preferred share converts to 1000 common votes. Does par value mean anything? It looks a little fishy to me.