Good Friday afternoon friends. $MVCO will be canceling and retiring 3,759,829,140 common shares. These shares will come from my personally owned shares. I will be sending those shares back to the treasury for cancelation in exchange for 51 Series X Preferred Shares, which are NOT convertible. The 51 Preferreds are "super voting shares" and represent 51% of the voting power (the same voting power my commons represent). The numbers r slightly different from what's onbecause we've also just sold 50 million 2 year restricted shares in a private placement for .001/share.
#MVCO