The amount of total authorized capital stock which the Corporation shall have the authority to issue is 1,500,000,000 shares of common stock, each with $0.001 par value, AND 1,000,000 shares of preferred stock, each with $0.01 par value.
Yes. It said "AND". Not "IN PLACE OF". Not "OR". Not "UNLESS".
It said "AND". As in BOTH 1B common AND 1M preferred.
End of subject for me. Just like the Hanover debate: Time will tell
Avoid wearing a wet leather helmet. It shrinks as it dries and creates tremendous intra-cranial pressure that may affect investment decisions.