Spotlight Capital Holdings Inc (SLCH)

[Lesson Learned]

Aren't they still holding unissued Preferred Shares?


From their DOT Application:


la.-2 Stock Types
Common Stock - 500,000,000 shares authorized, all issued, no conversion rights to another class or series, no Board of Director rights, one vote per share, no right to automatic or minimum dividend, no consequences to failure to pay dividend, last in liquidation preference.

Preferred Stock -100,000,000 shares authorized, none issued,, no conversion rights to another class or series, no Board of Director rights, one vote per share, no right to automatic or minimum dividend, no consequences to failure to pay dividend, first in liquidation preference.