Posted by ThoroughBread Sunday, 09/29/19
Exactly, nothing but voters shares. not commons at all, nor will they ever be commons.
unissued shares of preferred stock of the Corporation a class of preferred stock designated as the “Series B – Super Voting Convertible Preferred Stock” (“Series B Preferred Stock”) and the number of shares constituting such class shall be 1,000,000.
In response to:
Post by SeanBoy Sunday, 09/29/19 04:26:34 PM
Re: ThoroughBread post
From your post....
Quote:
they issued 1 million preferred series A stock........You are a half year behind....get with the program
You've got to know your A from your B. To do this you actually need to read the 10Q, lol.
In response to:
Post by: ThoroughBread Sunday, 09/29/19 04:09:08 PM
Re: SeanBoy post
they issued 1 million preferred series A stock, valued worth $60K is for 1 series A can covert to 1 common share, The fair value of the preferred series A stock on April 12, 2019 was $60,398 and was valued by using the Binomial Model based on various assumptions.
You are a half year behind....get with the program
Also for the 6 months ending June 30, 2019 $667,000.00 converted to 30,216,000. Those shares are absorbed already. IMHO
Exactly, nothing but voters shares. not commons at all, nor will they ever be commons.
unissued shares of preferred stock of the Corporation a class of preferred stock designated as the “Series B – Super Voting Convertible Preferred Stock” (“Series B Preferred Stock”) and the number of shares constituting such class shall be 1,000,000.
In response to:
Post by SeanBoy Sunday, 09/29/19 04:26:34 PM
Re: ThoroughBread post
From your post....
Quote:
they issued 1 million preferred series A stock........You are a half year behind....get with the program
You've got to know your A from your B. To do this you actually need to read the 10Q, lol.
Quote:In August of 2019, the Company filed a Certificate of Designation with the Nevada Secretary of State designating 1,000,000 shares of its authorized preferred stock as Series B – Super Voting Convertible Preferred Stock. Upon designation, the Company issued 500,000 shares of the Series B preferred stock to each of its CEO and President (1,000,000 shares in total). The rights and preferences of such preferred stock are as follows:
Section 1. Designation and Amount. There is hereby authorized to be issued out of the authorized and unissued shares of preferred stock of the Corporation a class of preferred stock designated as the “Series B – Super Voting Convertible Preferred Stock” (“Series B Preferred Stock”) and the number of shares constituting such class shall be 1,000,000.
Section II. Voting Rights. Holders of the Series B Preferred Stock shall be entitled to cast five hundred (500) votes for each share held of the Series B Preferred Stock on all matters presented to the stockholders of the Corporation for stockholder vote which shall vote along with holders of the Corporation’s Common Stock on such matters.
Section III. Redemption Rights. The Series B Preferred Stock shall be redeemed by the Corporation upon the successful receipt by the Corporation of at least $1,000,000 in equity capital following the issuance of the Series B Preferred Stock.
In response to:
Post by: ThoroughBread Sunday, 09/29/19 04:09:08 PM
Re: SeanBoy post
they issued 1 million preferred series A stock, valued worth $60K is for 1 series A can covert to 1 common share, The fair value of the preferred series A stock on April 12, 2019 was $60,398 and was valued by using the Binomial Model based on various assumptions.
You are a half year behind....get with the program
Also for the 6 months ending June 30, 2019 $667,000.00 converted to 30,216,000. Those shares are absorbed already. IMHO
