It's worth mentioning that if Sharp issued himself 5M Series A preferred shares and 1M common shares, he didn't retain control. Calasse had 5M Series A preferred shares and 50M common shares.
While Sharp originally tried to issue himself 300k preferred shares with special voting rights, he didn't realize at the time that Series A preferred shares already existed. I don't think there is any distinction between the first 300k and the remaining 4.7M preferred shares, but please correct me if I'm wrong.