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Posted On: 05/19/2021 11:07:25 PM
Post# of 36541
Well, a discount or a dividend? Because we already got that.
This may be the origin of Class A from Series A, but it’s just fwiw because it’s not relatable to shares you own.
“Super Voting Preferred Stock. On February 2, 2021 we exchanged with Generex 100,000 shares of our Series A Super Voting Preferred Stock (the “Super Voting Preferred Stock’) for 300,000,000 shares of our Class A Common Stock. As a result, Generex owned [*] shares of our Class A Common Stock and 100,000 shares of our Super Voting Preferred Stock. Generex’s voting control over us remained unchanged at [*]% as the Super Voting Preferred Stock entitles the holder to 3,000 votes per share and votes with the Common Stock on all matters submitted to the stockholders for a vote.”
This may be the origin of Class A from Series A, but it’s just fwiw because it’s not relatable to shares you own.
“Super Voting Preferred Stock. On February 2, 2021 we exchanged with Generex 100,000 shares of our Series A Super Voting Preferred Stock (the “Super Voting Preferred Stock’) for 300,000,000 shares of our Class A Common Stock. As a result, Generex owned [*] shares of our Class A Common Stock and 100,000 shares of our Super Voting Preferred Stock. Generex’s voting control over us remained unchanged at [*]% as the Super Voting Preferred Stock entitles the holder to 3,000 votes per share and votes with the Common Stock on all matters submitted to the stockholders for a vote.”
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