According q 10 file in 21 may 2012
THIS DEFICIENCY OF SERIES B
Stockholders' Deficiency
Preferred shares, $0.001 par value (Authorized 20,000,000):
Series B (Designated: 2,400,000): Issued 2,329,905
AND ACCORDING BY FILE IN 10 19 2010 DEF 14C
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND A PROXY.
The entire cost of furnishing this Information Statement will be borne by the Company. The Company will request brokerage houses, nominees, custodians, fiduciaries and other like parties to forward this Information Statement to the beneficial owners of the Common Stock held of record by them. The Board of Directors has fixed the close of business on October 4, 2010, as the record date (the “Record Date”) for the determination of Stockholders who are entitled to receive this Information Statement.
Each share of our common stock entitles its holder to one vote on each matter submitted to the stockholders. Each Series B Preferred Stock entitles the holder to 400 votes on all matters submitted to a vote of stockholders of the Company. However, because the stockholders holding at least a majority of the voting rights of all outstanding shares of capital stock as of the Record Date have voted in favor of the foregoing actions by resolution; and having sufficient voting power to approve such proposals through their ownership of the capital stock, no other consents will be solicited in connection with this Information Statement.
You are being provided with this Information Statement pursuant to Section 14C of the Exchange Act and Regulation 14C and Schedule 14C thereunder, and, in accordance therewith, the forgoing action will not become effective until at least 20 calendar days after the mailing of this Information Statement.
This Information Statement is being mailed on or about October 18, 2010 to all Stockholders of record as of the Record Date.
AND
Series B Preferred Stock
The following table sets forth certain information regarding our Series B Preferred stockholders beneficially owned as of October 4, 2010, for (i) each stockholder known to be the beneficial owner of 5% or more of the outstanding Series B Preferred Stock of the Company, (ii) each executive officer and director, and (iii) all executive officers and directors as a group. As of the date of filing, we have 2,329,905 shares of Series B Preferred Stock. Each share of Series B Preferred Stock entitles the holder to 400 votes on all matters submitted to a vote of stockholders of the Company.
Name of Beneficial Owner
Number of Series B
Shares Owned
Percent of Class
Before Offering (1)
Dynamic Intelligence, Inc.
1,500,000
64.38%
Stephen C. Johnston
0
0
Charles Mawby
0
0
Steven Frankel
0
0
James Beatty
0
0
All Officers and Directors as a group (4 individuals)
0
0
(1)
Based on 2,329,905 shares of Series B Preferred Stock issued and outstanding.
AND BETWEEN TWO FILES THEIR IS NOTHING SAY Dynamic Intelligence, Inc SELL THE SHARES OF SERIES B
THAT IS MAIN ANY ONE OWNER SERIES B OWNER THE COMPANY ALSO ALL SUB.
REGAREDS
