IFLM - Series AA Preferred stock has Super voting rights for IFLM
No matter how many common stock are outstanding the Series AA preferr stock has voting rights equal to 4 times the total number of outstanding common stock.
Noch can buy all of the common stock and he still will not have any claim to the IFLM shell.
Doesn't matter what Koch is trying to do. Fact is you can't have control of the IFLM shell without owning the control stock (the Series AA preferred stock).
As far as the domicile change goes. Ritchie technically should have done a convert out filing before dissolving the NV entity.
That's not a big deal though. The fact that IFLM is active in Wyoming is worse for the current situation.
That means that debt holders could easily still be doing conversions and continuing to add to the float as this pump & dump is happening.
That also means that there is no chance anybody would be able to petition for custodianship of the IFLM shell. The only way to get control is to buy the Series AA preferred stock from Ritchie.
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