"...He reported that there are 245,780,998 shares outstanding, a significant amount of which is collateral and will be retired once no longer needed (so not traded). Of this some are also Pref A (21,750,000), Pref B (116,034,326), and Pref C (261,358). Pref A are not traded, but have 50:1 voting power (to protect against hostile takeovers) and are owned by 5 insiders in the company. Pref B have 1:1 voting power and are used for collateral as above along with cash for acquisitions. Pref C have 1:1 voting power and were used for Cobb acquisition, which they didn't go forward with, so most will be retired shortly."
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