Replies to post #1137 on Massive Interactive Inc. (fka HUGE)

[SeaOhToo]

Not really sure as they add them as needed! How many different classes of shares does a company going under need. Preferred convertibles, preferred non transferable( yet have superior voting rights)

Who would invest in a company with this control. Management has wiped out and sold the assets. There is nothing here. Some believe $11 million in cash will just show up in the bank account. ROFLMAO.

You are correct, time to move on. Management has. But, before they did they wiped out shareholders.
Saw this one coming months ago.

[SeaOhToo]

Here is an answer for you....
Pay attention to the last line.

"In the second quarter of 2013, we agreed to issue 3,572,000 shares of our preferred stock to six related and unrelated parties in exchange for full mutual releases and extinguishment of $3,572,000 in liabilities owed to these individuals. The shares of preferred stock convert into common stock at $0.01 per share (subject to any stock split the Company’s Board of Directors approves) and have a par value of $0.001. The Company may seek to increase its authorized capital to effect the transaction."