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Message: Re: edit last post

Sep 18, 2024 11:14AM

Sep 18, 2024 01:07PM

Sep 18, 2024 01:25PM

No - WillyD is correct.  You have to remember that the Class A ('Super') shares give the holder of those shares 200 votes each.  His 500,000 Class A shares by themselves give him 100,000,000 votes.  Add in his other 36M+ regular (one vote per share) shares (per the annual report), and he controls roughly 136M+ votes.

If all of the now authorized 150M shares were to be purchased and become outstanding, the total number of votes available would be 249,500,000 (149,500,000 votes for the regular shares, plus 100,000,000 votes for the Class A shares).

So even if Pete did not buy any new shares, he would still have 136M+ votes to everybody else's 113M+ votes.


Sep 18, 2024 04:55PM
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