Sierra Resource Group Inc. (fka SIRG)

[Actuate]

Since each share of Series A Preferred Stock is worth 350 votes on all matters, do you foresee any problems with them getting an increase in A/S approved?

Between J. Rod and Timothy Benjamin, they have 350M votes from those shares alone! You only get to vote if you own at least 10% of the company.

Each share of Series A Preferred Stock entitles the holder to 350 votes on all matters submitted to a vote of the shareholders.

Furthermore, the board of directors approved issuance of 500,000 shares of Series A Preferred Stock each to Timothy Benjamin, Chairman, and J. Rod Martin, CEO. The Board of Directors deemed it necessary and in the best interests of this corporation to create this series of preferred stock in order to compensate the company’s chairman and chief executive officer,