Replies to post #100072 on PharmaCyte Biotech Inc (PMCB)

[1234jklm]

This would give the holder of the preferred shares control over even the board.

Wonder who will get them?

And a poison pill over any attempt to remove them from office no matter what they do.

It feels like a takeover.

This doesn’t appear to be about looking after shareholders imho.

This could be used to destroy their equity.

If you trust the management and believe they have looked after shareholder interests then by all means vote yes.

[54313]

Basically KW wants free reign without ever having to consult shareholders again on anything. If we vote yes, we lose all control (if we ever actually had any).

I’ll be voting no as I want a say in the issuance of more common stock to be sure it’s being used on things other than his salary.


“It is expected that such officer will vote his shares of the New Series to approve
a certificate of amendment to the Articles that will have the effect of increasing the authorized shares of PharmaCyte’s Common
Stock.”

[doogdilinger]

Nice catch pennyvestor!

The ability of our Board to issue such shares of
preferred stock, with the rights and preferences it deems advisable, could discourage an attempt by a party to acquire control of
PharmaCyte by tender offer or other means.