The Company has 6,500,000,000 shares of common stock authorized, with 3,163,024,616 shares issued and outstanding.
Series A Preferred Stock
The Company is authorized to issue 22,500,000 shares of series A Preferred Stock at a par value of $0.0001. The Series A Preferred Stock has voting rights equal to 2,000 votes for each 1 share of common stock owned. The Series A Preferred Stock shall have no liquidation preference over any other class of stock and there will be no dividends due or payable on the Series A Preferred Stock.
As of September 19, 2023, 1,940,153 shares of series A Preferred Stock were issued and outstanding.
Series B Preferred Stock
The Company is authorized to issue 150,000 shares of Series B Preferred Stock at a par value of $0.0001. The Series B Preferred Stock shall have no liquidation preference over any other class of stock and there will be no dividends due or payable on the Series B Preferred Stock. The Series B Preferred Stock converts into common stock at a ratio of 1:1,000 (which shall be increased to 3,000 as part of the Forward Split). However, the Series B Preferred Stock may not be converted for a period of 12 months from the date of issue.
As of September 19, 2023, 150,000 shares of Series B Preferred Stock were issued and outstanding.
They concert to either 150 million or 450 million
Series C Convertible Preferred Stock
The Company is authorized to issue 250,000 shares of Series C Preferred Stock at a par value of $1. The Series C Preferred Stock shall have no liquidation preference over any other class of stock and there will be no dividends due or payable on the Series C Preferred Stock. The Preferred Stock can be converted to common stock, at a conversion rate of 66 (which shall be increased to 99 after the Forward Split) common shares for each preferred stock.
As of September 19, 2023, 250,000 shares of Series C Preferred Stock were issued and outstanding.
They convert to 16,500,000 or 49,500,000
Series D Convertible Preferred Stock
The Company is authorized to issue 10,000,000 shares of Series D Preferred Stock at a par value of $0.0001. The Series D Preferred Stock shall have no liquidation preference over any other class of stock and there will be no dividends due or payable on the Series D Preferred Stock. Beginning January 1, 2017, each holder of shares of Series D Preferred Stock may, at any time and from time to time, convert each of its shares of Series D Preferred Stock into a 15 (which increase to 45 as part of the forward split) of fully paid and nonassessable shares of common stock.
As of September 19, 2023, 6,350,000 shares of Series D Preferred Stock were issued and outstanding.
They convert into 95,250,000 or 285,750,000 shares
Series E Preferred
The Company is authorized to issue 15,000,000 shares of series E Preferred Stock at a par value of $0.0001. The Series E Preferred Stock shall have no liquidation preference over any other class of stock and there will be no dividends due or payable on the Series E Convertible Preferred Stock. Beginning October 1, 2016, each share of Series E Preferred Stock is convertible into 10 (which increase to 30 as part of the forward split) shares of common stock. From October 1, 2016 to October 1, 2018, holders of Series E Preferred Stock may at any time convert to shares of common stock, thereafter, the Company may elect to convert any outstanding stock at any time without notice to the shareholders.
As of September 19, 2023, 14,989,500 shares of Series E Preferred Stock were issued and outstanding.
They convert into 149,895,000 shares Remember, Nate can do anything he wants without stock holder approval. Including issuing more shares or increasing the conversion rate.
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