Replies to post #22594 on Propellus Inc (PRPS)

[EarnestDD]

It seems obvious that the SSOL insiders gave themselves non-dilutive Preferred shares after the last A/S raise.

A new class of shares was created at that time and there has been no mention of them by SSOL.

SSOL is running a sneaky shell game here.
jmo

[arizuela]

EastCoastCdn, Believe you me, SSOL is the Majority Shareholder, indicated by the Float in the OTC Markets update in July and now, most likely, even more so.

Arizuela


I believe they did not have majority of the shares at that time. The board of directors cannot just do something because they or you feel like it if they don`t have the majority. That is why I was surprised they didn`t have preferred shares to knock out the little guy.
I suspect there will be peferred shares in the next 10-K.
I have to wonder if this company is a pinksheet because it sure behaves like one IMO.
I have owned companies where I have had to vote on R/S because the company did not have majority of the shares outstanding.


This is from the NVSOS
Quote:
2. The board of directors have adopted a resolution pursuant to NRS 78.209 and have obtained any
required approval of the stockholders.

http://nvsos.gov/Modules/ShowDocument.aspx?documentid=664