Sunday, June 24, 2012 12:19:47 PM
1. Setup company that has common shares and preferred shares. Preferred shares owned by very very small number of people and can be converted to common shares in future.
2. Next, DILUTION DILUTION DILUTION - 3 BILLION SHARES to raise money and fund the company.
3. Next, REVERSE SPLIT to reduce the number of common shares. WHY? Because of next step.....
4. Convert preferred shares to common and becasue the split created less common, the preferred converted stock will acoounf for anything from 90-99% of the common.
END RESULT - CEO CADE starts company and funds with DILUTION and then in order to maintain control he converts preferred and TAKES EVERYTHING FROM SHAREHOLDERS!!!
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