iWallet creates Series A and Series B preferred; Series B holds 2/3 voting control

iWallet Corp

Filed Certificate of Designation for 14M shares of Series A Preferred, convertible to common after 6 months (max 12.5%/quarter), no voting or dividend preference.
Filed Certificate of Designation for 1M shares of Series B Preferred with super-voting rights ensuring two-thirds of total voting power, no conversion or dividend preference.
Series B Preferred effectively grants holders permanent control of two-thirds of shareholder votes, regardless of common stock outstanding.

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