Business
No Borders, Inc. (OTC:NBDR) subsidiary Lannister Holdings, Inc. announces restructuring of Series A Redeemable Preferred stock, CCO change & Naming of additional Advisory Board Member.
No Borders, Inc. (OTC:NBDR) subsidiary Lannister Holdings, Inc. announces restructuring of Series A Redeemable Preferred stock, CCO change & Naming of additional Advisory Board Member..
About this update from No Borders, Inc.
[{"type":"text","content":"No Borders, Inc. (OTC:NBDR) has restructured the conversion and voting rights of the Series A Preferred Stock of the Company, Named Morissa Schwarts as Chief Communications Officer and Named Christopher Nelson as an Advisory Board Member.“We are committed to structuring our company strategically to support our long term goals, as the only holders of Series A Preferred Stock our founding group has decided to reduce our conversion rights and restructure the voting rights of the Series A Preferred Shares of NBDR, I believe that these changes are a testament to our commitment to run a fiscally conservative organization. Additionally, I am very happy to announce that Morissa Schwartz has been promoted to Chief Communications Officer and the naming of our newest Advisory Board Member, Christopher Nelson to the Financial Products & Securities Seat of the Lannister Holdings, Inc. Advisory Board.” – Joseph Snyder, CEOSeries A Preferred Stock Restructuring;On June 18th No Borders, Inc. filed an Amendment to Certificate of Designation After Issuance of Class or Series with the State of Nevada to amend the Series A Redeemable Preferred StockThe Conversion Ratio is being reduced from 1 share of Series A Redeemable Preferred Stock being convertible into 100 shares of common stock, to 1 share of Series A Redeemable Preferred Stock being convertible into 20 shares of common stock; and,The Voting Rights are being amended from 66 2/3 for Series A Redeemable Preferred Stock to 100 votes for each share of Series A Redeemable Preferred Stock.Chief Communications Officer;The Board of Directors of Lannister Holdings, Inc. has accepted the resignation of Kyle Kummerle from the Board of Directors and the Chief Communications Officer role.“I am stepping down as director and CCO. At this time, I have been presented with the opportunity to further pursue my professional vision to grow the Arizona entrepreneurial ecosystem and technology sector via incubation and acceleration. Leaving Lannister and starting this new journey would not have been possible without the support from the entire Lannister Team.” – Kyle Kummerle, Former CCO & Board Member, Lannister Holdings, Inc.The Board of Directors has promoted Morissa Schwartz to Chief Communications Officer effective immediately. Morissa has done an exemplary job of expanding the Lannister messag...