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absintheminded90210

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absintheminded90210

Re: SeaOhToo post# 1025

Monday, 07/22/2013 9:40:31 PM

Monday, July 22, 2013 9:40:31 PM

Post# of 1332
why on earth would you quote that??? that's votes.


As everyone who understands sharestructure knows, each form of share carries a different number of votes. The corporate share structure for XTOG as follows:

· Willie Mc A the 3’s one thousand non transferrable shares carries 6,143 votes/share totaling over 614 million votes or 52.4%. Ensuring he retains majority control of his company.
· Each of the 3.4 million series A preferred stock carries 100 votes/share totaling 341 million votes or 29.2%
· Common shares only carry one vote/share.

All of this is outlined on page 10 of the proxy statement under SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
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