yep - and with "blank check" approval and an a/s of 1 billion shares, it is a free hand to dilute shareholders into oblivion.
"The Restated Articles (a) reclassify certain stock as preferred stock, which permits our Board of Directors, in its discretion, to designate one or more series of the preferred stock with the rights, privileges, and preferences of each series to be fixed by our Board of Directors, from time to time, without stockholder approval (commonly referred to as “blank check” preferred stock)"
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