SPO Networks Inc (SPOI)

[Sparks100]

The Preferred Stock are have a ratio to 10 to 1 for the Common Stock. Therefore voting rights are 10 to 1, not 1m to 1. The Statements "Seems I saw that the preferred shares for the insiders have 1M votes per share so it doesn't take many preferred shares to be the "majority shareholder" to approve things by "written consent" without needing to ask shareholders for their votes." are false and misleading. Correct Due Diligence would have prevented these false statements.