Replies to post #97199 on Green Energy Enterprises Inc. (GYOG)

[skydivers01]

We also have 3years before we need to worry about that since that is how long they are restricted according to a previous PR

Cheers

[FerdinandDaBull]

I wouldn't be worrying too much about that. If you had the choice, would you reverse back to common's if you had pref's which, I assume, would give you a yearly dividend?

I don't know...but like you said, those are (minor) future concerns.

[Eli's Gone]

Series B Preferred Stock. The full Board of Directors upon motion duly made, seconded and carried unanimously, approved the establishment of a second class of preferred stock to be referred to as “Class B Convertible Preferred Stock”. This class shall be allocated 150,000 shares of the 50,000,000 shares authorized in the Amended and Restated Articles of Incorporation of Quasar Aerospace Industries, Inc. The officers of the corporation are further authorized to exchange preferred shares for common shares from existing shareholders and to transmit said common shares to the transfer agent, Computershare, for cancellation.