Replies to post #46206 on lowtrade

[Nefyn]

How do you see the filing LT? Been watching for entry.

[Churak]

With respect to a vote of stockholders, no later than September 30, 2018 only, to approve either or both of a reverse stock split of the Company’s common stock and an increase in the authorized shares of common stock from three billion shares to up to 10 billion shares, each share of the Preferred Stock shall be entitled to the whole number of votes equal to 12,000 shares of common stock. With respect to all other matters, and from and after October 1, 2018, each share of the Preferred Stock shall be entitled to the whole number of votes equal to the number of shares of common stock into which it is then convertible. The Preferred Stock shall vote with the common stock as if they were a single class of securities.

250,000 Super pref shares issued and they will vote for the RS and/or increase the authorized

[titan11]

Simply anything that is going to drive the PPS further down is a “negative” in my mind. Between the lack of investor confidence, the additional and readily available shares for immediate dilution and now the potential for a Increase to 10 Billion and a RS! This information does not support a rise in the PPS in my opinion .....any time soon anyway.