other material
confidence high
sentiment negative
materiality 0.85
Vnue issues Series C Preferred with super-voting rights to three insiders, granting them majority control
VNUE, Inc.
- 1,000 shares of Series C Preferred issued to each of CEO Zach Bair, CCO Anthony Cardenas, and EVP Lou Mann for services.
- Each Series C share carries 1,000,000 votes; combined 3,000,000,000 votes give three holders majority voting power.
- Shares are convertible into common stock on a 1:1 basis; Certificate of Designation filed with Nevada Secretary of State.
- Issuance exempt from registration under Section 4(a)(2) and Regulation D; securities bear restrictive legend.