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Luckysevens

04/11/20 7:11 PM

#15405 RE: jour_trader #15404

500m voting power equivalent - not 500m shares you fool... he was awarded 1m physical. do you know traders have been sued for knowingly spreading false information about public companies on here?

Bountiful_Harvest

04/11/20 7:32 PM

#15406 RE: jour_trader #15404

lol, that was kind of funny. Has nothing to do with dilution, or voting for dilution, etc.

The last thing they would want to do is dilute their very own investment.

The TRUTH:

Preferred...not convertible into common shares. And those shares will all be cancelled in 5 years, per "official filing".

https://www.sec.gov/Archives/edgar/data/1478682/000149315220004100/form8-k.htm

It was a strategic and smart move, with built in security blanket. Gives CEO 100% voting power to get things done quickly.

Doesn't look like they want to mess with the common shares at all, as expected. hint, hint...