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GoAndCollect

09/14/16 6:47 AM

#10833 RE: chitradeb #10832

8K :
Section 3. Voting Limitation . The Series B Preferred Stock has limited voting rights in that it may only be voted for the purpose of increasing the Company's common stock capital so as to avoid any shortfall in the Company's authorized common stock capital relating to the two presently outstanding convertible promissory notes which contain a "Reservation of Shares" covenant.

Section 4. Termination . At such time as the two referenced convertible promissory notes shall be discharged, the Series B Preferred Stock will be deemed cancelled and returned to the corporate treasury.

Is this good ?
Is this raising the AS ?