Replies to post #57861 on Starfleet Innotech Inc (SFIO)

[papafishie]

need to verify, Roths one million are called series A. They could issue a series B, C, D, etc.

As I under stand it,series A preferred gives him a majority of votes at any meeting of the shareholders.

[papafishie]

If my common shares are locked and Roth came to the stockholders and public with the known reasons for the lock and a concrete plan of action to move forward, I would consider investing more into the company and product.

[fink]

P-share need a Board of Director resolute to convert and then you better pray a Scumbag CEO hasn't maxed the common A/S so as to convert. There are a few pink plays out there where P-share holders havebeen allowed to convert, but there are no shares left in the A/S to covert. LOL Kinda a kick in the butt to insiders.

Now if I meet the Roth and he convinced me SFIO is very much alive and its growth has no boundries, I'd buy some P-shares.

He very much can take my $10K and issue me a note to buy some of SFIO's operating debt today. He can make an agreemnwnt with me to convert that debt below .0001 a share if he has the shares left in the A/S. Anyone can buy shares as low as you want in an agreement like that and none needs to be told. A filing with the SOS, and part of the pinky problem.

Roth is not locked. He can still sell promissory note all day long for cash if hes damn sure he knows the share structure. Usualy common share holders are last to know of converted debt wraps.
But in the end, even if P-shares or notes are converted, they are back at the DTCC lock's door step. But Roth is not dead, neither is the company. Just us holding Retail common shares.