That's absurd. The "Articles of incorporation" are
Post# of 22454
FYI , I do not take this lightly and no one should be making anything up.
As for the "Preferred Shares" the Proxy states there will be no outstanding preferred shares at the time the SoS accepts the Filed Articles of Incorporation in the State fo Delaware. If the 1 Million Preferred shares are voted and approved by proxy...they don't just disappear into thin air....once they get the votes to approve the proxy they will be assigned for purchase and none of the preferred will be outstanding.
As a matter of fact..."Preferred shares" are always "Important" if any company issues them. The preferred shares can be used to control the company and or remove the voting power of the common shares..
Sunyn75