Notice to shareholders letter in August says: (
Post# of 4081
Quote:
(E) From said above authorized Preferred Stock the Corporation shall issue up to three hundred thousand (300,000) shares of Class C Preferred Stock convertible into seven hundred fifty million (750,000,000) shares of common stock or two thousand five hundred (2,500) shares of common stock per share of Class C Preferred Stock. Each share of Class C Preferred Stock shall allow its holder to cast two thousand five hundred (2,500) votes per share of Preferred Stock owned by its holder on any matter upon which holders of common stock may vote. In addition, the shares of Class C Preferred Stock
shall be redeemable at the Corporation’s option at $10.00
per share commencing January 1, 2018, and shall have a $10.00 preference upon liquidation of the Corporation. The Class C Preferred Stock shall also have demand and piggy-back registration rights. All preferences shall be pro rata with respect to Class C and Class D Preferred Stock.