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Jim Bishop

06/04/09 2:07 PM

#151820 RE: Ionized #151803

With a Nevada corp the board of directors alone can change the AS and as far as we know Jared is the BOD.

It's been posted that there are now 2 million preferreds out, not sure if Jared actually said that number, can't remember.

I'd think since the preferreds are voting he'd have made sure he kept a majority of them.

Supposed preferred equity end Q3 was $2.4 million, jumped to $4.33 million end of the year, or less than double, so that sorta fits.