Pro: Assuming there are no more than 700m common shares outstanding (697m as of 04/04/2014), an affiliated group holding 350m would give said group voting control of the company. Fortunately, Delaware law forbids issuance of non-voting common shares. Each common share is accorded one vote.

If that scenario obtained, a countermove by iequity would be expected. However, there must be a reason iequity consistently deceives the public from March 2013 on by continually deferring the issuance of the preferred shares -- sequentially moving the expected date of filing of the Certificate of Designations with DE-SOS and, hence, the issuance of preferred that would give iequity actual, not just illusory, 60 percent control. There must a reason for this ongoing deferrence wherein their use of the phrase "expected date of filing" is tortured to the breaking point. See attachment. Is there a serious defect in their scheme that would come to light if they filed the Certificate of Designations? Are they intent on avoiding regulatory scrutiny if 60% control of a publicly traded company is actualized?

Let's call their bluff and organize a shareholder group that will control this company, clean house, and act in the best interest of common shareholders, not just insiders.

Moving the bean at every turn