other material
confidence high
sentiment negative
materiality 0.60
Regen Biopharma issues 15K Series NC preferred shares to CEO with super-voting rights
Regen BioPharma Inc
- Issued 15,000 Series NC preferred shares to CEO David Koos to settle $10,050 debt.
- Each Series NC share carries 334 votes, disproportionately high voting power.
- Issuance dilutes common stock voting power and has anti-takeover effect.
- Board authorized 20,000 shares of Series NC; 15,000 issued now.