Replies to post #71296 on Red Giant Entertainment, Inc. (fka REDG)

[rickn23]

The Z shares have a 100x voting power. Markiplier, Benn, Robbins, and Schoof each have 5 million Z shares, total voting power, 2 billion regular shares.

The also hold a total of about 386 million regular shares.

Their total voting power is about 2.386 billion shares.

I would think you just need a simple majority vote in order to take control of the company. Having one board member is not enough. It looks like Benny just ignores them.

I think you would need to know what's left of the company if Benny were kicked out. Does any of his IP stay? Can Benny take his IP and just go home. And, how much debt is the company liable for.

Edit
You can find the shares owned by the board members in the last 10K page 52 or 53: https://www.sec.gov/Archives/edgar/data/1411179/000116552715000156/g7793.txt

The Z -shares Robbins and Schoof got were in an 8K:https://www.sec.gov/Archives/edgar/data/1411179/000116552715000480/g8030.txt

this also has the 100x super-voting rights info of the Z shares.

[thedocg]

Sorry for the delay Penny, looks like rickn took care of it though - thanks rickn. Yes, the board is set up in a way there is little no chance of us to do much about things unless the board decided to get on the same page with things, but even then most likely not much change.

Lots of frustration due to Zwagbox delay and not a lot of communication - unfortunately we don't have history on our side and that to me instigates even more anger and frustration. Nothing will cure this mood until zwagbox is in peoples hands; the second box is delivered on time, Markiplier comic is in stores, and POWfolio loads premium content and shares the big list of publishers who they pointed out at ComicCon - but they also need the financials to get current and show the strong revenues.

But one step at a time and this ZWAGbox absolutely has to get shipping this week.

For all others here venting their frustration, please try to keep it clean and not cross the line into personal attacks - thanks. docg