THAT'S 100% CORRECT. I TOLD YA A WHILE BACK NO B/K. MANY HERE DO NOT HAVE A CLUE.
WHY THE NEW MANAGEMENT DESPERATE FOR THE COMMON SHARE?
LET'S TAKE A GOOD LOOK AT THE FILES AGAIN. THE COMPANY NEVER EVER ISSUE THE PREFERRED SHARE. WHOEVER HAVE MOST COMMON SHARES SHOULD BE THE ONE FULLY CONTROL THE COMPANY. THAT'S WHY THE NEED OF 30 MILLION SHARES IS VERY IMPORTANT TO DANIES.
Preferred stock: 10,000,0000 shares authorized $0.001 par value; 1,000,000 and zero shares issued and outstanding
THIS WAS THE HOSTAGE TAKE OVER. MAC WAS ASSUME THEY WILL INCREASE A/S BUT THE NEW MANAGEMENT HAVE NO FULL CONTROL THAT IS BECAUSE THEY DO NOT HAVE ENOUGH COMMON SHARES TO MAKE ALL THE CALLS. MAC THOUGHT HE WILL GET 500 MILLION, BUT HE GET CHIT, SQUAT. THE SHAREHOLDER ARE THE ONE WHO CAN MAKE ALL THE CALLS. I EXPECTED WHEN THE TIME IS RIGHT WE GO REALLY CRAZY.
During the month of September 2018, it was identified that the motive behind Mr. Mac Aro sabotage of FLIT was due to the fact that Mr. Mac Aro assumed the new management would increase the authorized shares to 2 Billion shares and whereby Mr. Mac Aro would receive 500 Million shares as a “golden parachute” for termination of his employment.
THE 10Q DONE BY MAC 2 BILLION THAT IS TOTALLY INACCURATE. FTWS STOCK IS THE GOLDEN GEM. DEBTS ARE SETTLE. NO TOXIC, NO DILUTION, SUPER RARE, SUPER LOW FLOAT FOR TRIP.
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