HDC held a shareholder meeting on 5-17-2016 Mr. Kevin Kowbel was our CEO during that period. At this meeting, it was voted to increase the authorized common shares from 300 million to 450 million shares and our preferred shares from 30 million to 45 million shares. It is clear to me, that the plaintiffs are suggesting that possibly this is not fact according to records? With that being said, didn't Kevin Kowbel see this through, or did he? Did he not amend the corporation’s document with the State of Georgia or perhaps other filings involving SEC?
Yes, Quirk participated in this meeting.
Just so a few will know here is a 10-Q dated 5-23-2016 referencing the meeting held on 5-17-2016
Note L – SUBSEQUENT EVENTS
On May 17, 2016, the Company held its Annual Shareholder’s Meeting. One of the proposals presented by the Company in its proxy statement was an approval to amend the Company’s Articles of Incorporation to increase the number of authorized shares of common stock from 300,000,000 to 450,000,000. This proposal received a majority of votes.