Replies to post #88278 on JP 3E Holdings Inc (JPTE)

[shotsky]

That is not what it says. It says "with or without shareholder approval or vote"
The board of directors of any public company can change the articles of incorporation any time they want to. That means they can write a reverse split into the articles IF THEY SO DESIRE. It is THEIR business, and THEY make the rules.
I'm not suggesting JP3E might do a split, just that they COULD if they WANTED TO.

[Kool Aid Man]

Read disclosures...PARK CONTROLS ALL THE VOTE. He can reverse split this turd to oblivion any time he wants.

[surfkast]

Then stop lying! SMH! LOL

John K. Park CEO, Chairman,
Director Somerset, NJ
100 Preferred A 100%

From the filings.
Preferred A have voting control, voting rights equal to the sum of all other votes of all other shares times 110.
https://www.otcmarkets.com/otcapi/company/financial-report/402674/content

I will dumb it down for you.

1 billion O/S held by common share holders equal 1 billion votes.
Each preferred A equals all of the outstanding times 110 of all outstanding.

So just 1 Preferred A gives Park more votes that all other stock holders.

SMH