Your Capital Structure is roughly this..... 2 B
Post# of 39368
Posted On: 11/25/2014 10:52:48 PM
Re: iggyman555 #30245
Your Capital Structure is roughly this.....
2 Billion shares....common
And these Preferred Shares....We won't have any true count until the Filings are complete. The transfer agent has the common share count.
Class A, Series F & G Preferred Stock have the same terms as follows:
a.
The Par Value of each share of Class A, Series G Preferred Stock is $0.001.
b.
Each holder of Class A, Series G Preferred Stock shall have the right to One thousand (1000) votes per share, for each share owned on any matter put forth for a vote to shareholders.
c.
Each holder of Class A, Series G Preferred Stock may, at the election of the Board of the Company or the holder, be required to convert its shares of Class A Series G Preferred Stock into shares of the Corporation’s common stock at rate of one thousand (1000) shares of common stock for each share of Class A Series G Preferred Stock; provided, however, a holder’s ability to convert of Class A, Series G Preferred Stock into common stock is expressly upon the Corporation having sufficient authorized but unissued shares of stock to fulfill such request. The Corporation shall have no obligation to shares of common stock upon a purported conversion to a holder of Class An Series G Preferred Stock should the Corporation have insufficient shares authorized but unissued shares of common stock to fulfill such request, and such conversion request shall be deemed null and void to the of such insufficiency.
d.
Upon the dissolution, liquidation or winding up of the Corporation, whether voluntary or involuntary, the holders of Class A, Series G Preferred Stock shall participate in the payment or distribution made on the Company’s common as if such shares of Class A, Series G Preferred Stock had been converted shares of common stock.
e.
Each holder of Class A, Series G Preferred Stock shall be entitled to participate in any dividends declared by the Corporation’s Board as if such shares of Class A, Series G Preferred Stock had been converted into shares of common stock, any such declared dividend to subtract from any already accrued dividend.
2 Billion shares....common
And these Preferred Shares....We won't have any true count until the Filings are complete. The transfer agent has the common share count.
Class A, Series F & G Preferred Stock have the same terms as follows:
a.
The Par Value of each share of Class A, Series G Preferred Stock is $0.001.
b.
Each holder of Class A, Series G Preferred Stock shall have the right to One thousand (1000) votes per share, for each share owned on any matter put forth for a vote to shareholders.
c.
Each holder of Class A, Series G Preferred Stock may, at the election of the Board of the Company or the holder, be required to convert its shares of Class A Series G Preferred Stock into shares of the Corporation’s common stock at rate of one thousand (1000) shares of common stock for each share of Class A Series G Preferred Stock; provided, however, a holder’s ability to convert of Class A, Series G Preferred Stock into common stock is expressly upon the Corporation having sufficient authorized but unissued shares of stock to fulfill such request. The Corporation shall have no obligation to shares of common stock upon a purported conversion to a holder of Class An Series G Preferred Stock should the Corporation have insufficient shares authorized but unissued shares of common stock to fulfill such request, and such conversion request shall be deemed null and void to the of such insufficiency.
d.
Upon the dissolution, liquidation or winding up of the Corporation, whether voluntary or involuntary, the holders of Class A, Series G Preferred Stock shall participate in the payment or distribution made on the Company’s common as if such shares of Class A, Series G Preferred Stock had been converted shares of common stock.
e.
Each holder of Class A, Series G Preferred Stock shall be entitled to participate in any dividends declared by the Corporation’s Board as if such shares of Class A, Series G Preferred Stock had been converted into shares of common stock, any such declared dividend to subtract from any already accrued dividend.
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