InvestorsHub Logo

236T568

04/25/17 2:48 PM

#120582 RE: Fire Lane #120581

Yep, but forgot which other stock

designed to give preferred stock holders voting control no matter how many common shares of stock are issued and outstanding


HPIL, have any of you ever seen a super voting preferred share like this one LMFAO

(a) Series A Stock. The holders of Series A Stock shall be entitled to notice of any stockholders’ meeting in accordance with the Bylaws of the Corporation and shall vote with holders of Common Stock, voting together as a single class upon all matters submitted to a vote of stockholders, excluding those matters required to be submitted to a class or series vote pursuant to the terms hereof or by law.
If at least one (1) share of Series A Stock is issued and outstanding, then the total aggregate issued shares of Series A Stock at any given time, regardless of their number, shall have voting rights equal to four times the total number of shares of Common Stock which are issued and outstanding at the time of voting.
Each individual share of Series A Stock shall have the voting rights equal to four (4) times the sum of all shares of Common Stock issued and outstanding at the time of voting divided by the number of shares of Series A Stock issued and outstanding at the time of voting, upon any items submitted to a vote of stockholders, except with respect to matters requiring a separate series or class vote.