What is approved; is the matters are to be brought before the board for a proxy vote to execute either or both, and change the articles of incorporation, by Sept 2019. YES
What I posted is the time frame in which the matters must be brought before the board for vote, and voted on, for him to have complete control of the decision. Other wise all shareholders will vote in a proxy statement what to do.
He didn't convert $250k of personal debit for controlling voting rights, in series J preferred, with those voting benefits / restrictions, if he didn't want complete control of restructuring the stock. IMO
News 
Market Data 
Discover 
