Replies to post #74763 on IDGlobal Corp (IDGC)

[BDIY]

STOCKHOLDERS’ EQUITY
The Company is authorized to issue 7,500,000,000 shares of common stock and 100,000,000
shares of preferred stock as of the balance sheet date. 5,736,915,257 common shares and
80,000,000 preferred shares are issued and outstanding as of the balance sheet date. The
preferred shares that were issued during the year ended December 31, 2015 have been
designated as Series A Convertible Preferred Stock. Each Series A share can be converted
into 1 share of common stock and has voting rights equal to 100 votes per share. They
also have preferred liquidation rights equal to $0.001 per share before common
shareholders. The Company also designated 10,000,000 preferred shares as Series B
Convertible Preferred Stock. Each Series B share can be converted into 100 shares of common
stock, but has no voting rights. They also have preferred liquidation rights equal to $1.00 per
share before common shareholders. No Series B shares have been issued as of the balance
sheet date.

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JUST IN CASE - LIQUIDATION $1.00 1 PREFERRED B MEANS $0.01 EACH COMMON?!

IDGC $$$