Nicely done Newblooder! No where does it mention they have to file the conversion rate which is determined by the BOD's from time to time. But I am sure it will be updated in the next Annual disclosure statement.
Great post! I already have put this nonsense to rest but now we can really put it to rest! EMZ will like this, "proof beyond a reasonable doubt!" Once again, the company's word has been golden! This ANDI/UTOP story keeps getting better. Folks, do we not have a real GEM here? Go ANDI/UTOP and GLTA!
Here is part of the problem. The filings in Nevada were never moved over to Wyoming so it is not easy to see what it is they filed or what amendments were made specifically. Whether that was by design or just an oversight we don't know.
The preferred C issuance is also problematic because it appears to have been illegal, but unless someone has paid Nevada to get them, we don't know.
The language you are quoting in the resolution is usually used to indicate that a change to an equity class can be done by the board without a shareholder vote.
Perhaps they can go back and bring all the Nevada state filings into Wyoming. That would certainly provide some more clarity.
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