The simple truth is written clearly in todays NEWS release.Everyone here is Common Shares holders.WE are ZERO on the food chain and quite disposable the PREFERRED guys get the lifejackets ALL ABOARD
Board of Directors (the “Board”) on June 17, 2014, the Company received unanimous consent by the Board and by the holder of Series F Preferred Stock, no par value per share (the "Series F Preferred"). Each share of Series F Preferred has the equivalent of 62,199,717 votes of Common Stock (based upon the outstanding number of shares of Common Stock issued at the time hereof). Currently, the Company’s President, Mark Lowenthal, is the holder of all the Series F Preferred (the "Series F Stockholder" or the "Majority Stockholder"), holding a minimum of fifty-one (51) shares of Series F Preferred, resulting in the Series F Stockholder holding in the aggregate approximately 51% of the total voting power of all issued and outstanding voting capital of the Company. The Series F Stockholder authorized the following:
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The increase in the number of authorized shares of Common Stock from eight billion (8,000,000,000) shares of Common Stock to seventeen billion (17,000,000,000) shares of Common Stock (the “Authorized Shares Increase”)
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