Afraid so, they said in the press release they were not going too. They are conditioning us for the RS
That made me laugh out loud! Anyone that has followed Ray Barton for years knows how true that is.
Although if he increased the A/S first given there are only 1 billion shares than sold the crap out of those shares it would be more ripe for one of his R/S ' a I am pretty sure he already maxed out the A/S at this point BUT he can also play his BUYBACK card!!! Ray never runs out of tricks - and when he does he just abandons the stock like he fix with IFHR - at least temporarily - lol
Each share of Series A preferred stock has 1,000 votes. Upon completion of the aforementioned transaction, David Saltrelli and Peter Schuster, will continue to own 7,200,000 shares of our common stock and in the event of any action which causes a reduction in said shares, we will issue additional shares of common stock to David Saltrelli and Peter Schuster in order to maintain their ownership in 7,200,000 shares of our common stock.
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