Replies to post #1851 on VirExit Technologies Inc (VXIT)

[OMOLIVES]

The most important bullet points form the first Pre14 filed on 4/19

1. authorize our board of directors to change our corporate name to a name selected by our directors

2. authorize the issuance of preferred stock with preferences, limitations, and relative rights designated by our board of directors

3. designation of shares of Series E preferred stock that are entitled to the number of voted double all other votes

https://www.otcmarkets.com/filing/html?id=13368271&guid=JF4xUqciy4xTC3h

Name change is obvious...eh? The Preferred that is already authorized is now authorized to "issue"...:). The preferred can now be used to acquire given the last Def14 and raise of Authorized. It can also be used to save face for those Power it Perfect restricted holders.

The Series E shares are now used to vote on the acquisition. And so it goes....

[Dr PennyStock]

Yep, dilution was strong, but, the problem was the increase of the A/S from 100M to 2.5B.

Now only very good news will cause a big run. Hope they have some big plans for this, and release it soon.