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A comment on Announcing the Safe, a Replacement for Convertible Notes. Parent comment

Re:Announcing the Safe, a Replacement for Convertible Notes by clevy on Friday December 06, 2013 @10:17PM (#6865314)
The SAFE Preferred Stock would be whatever you end up calling it in the charter - for example, Series AA (just something to differentiate it from the preferred stock being issued to the new money investors). So no, you would not actually call it "SAFE Preferred Stock" in your COI. Does that make sense?
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Re:Announcing the Safe, a Replacement for Convertible Notes by cominatchu on Friday December 06, 2013 @10:34PM (#6865354)
Yes thanks, so if the articles just authorize the issuance of common stock one needs to amend them before using a SAFE?
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