Unless there are more current filings that proves otherwise , then it appears that the Preferred shares hold 80% of all votes no matter how huge the O/S is. Link to SOS filings: https://t.co/GcsC5QnZgq?amp=1
Janice, perhaps it is my ignorance, but why bother buying a shell like IFLM, even if he makes a deal for the preferred? There are plenty of shells for sale with no debt and reporting for the amount he paid for commons stock or a little more. This just doesn’t make sense.