InvestorsHub Logo

RamiroGaliza

01/27/18 5:35 AM

#31451 RE: Simsim99 #31437

As they recently showed us, they can approve whatever they want against shareholders simply issuing special preferred shares with huge voting power. They can approve whatever RSs, shares authorized, etc... This last amendment is to issue additional shares over that 250 million and surpassing the limit of 500 million, as Simsim99 rightly saw.

Next step is to schedule a shareholder's meeting or voting to increase outstanding shares authorized to 1000 million. And as they did with last RS, it will be approved anyway.