Why is the even .01? The only Way DM could be hired as CEO would be to hire himself
From the 10K:
ITEM 3. LEGAL PROCEEDINGS.
From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of April 14, 2015, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of our operations, except as follows:
On or about May 12, 2014, we entered into a settlement agreement with WHC Capital, LLC (“WHC”) relating to our inability to issue shares of our common stock in conversion of, and resolving, our convertible notes with WHC in the amount of $50,000 on June 27, 2013, in the amount of $100,000 on August 8, 2013, in the amount of $100,000 on September 8, 2013, in the amount of $50,000 on October 22, 2013, in the amount of $50,000 on November 30, 2013, and in the amount $50,000 on December 27, 2013. On October 2, 2014, we issued 151,677,397 shares of common stock to WHC Capital, LLC, and on October 21, 2014, we issued 128,322,603 shares of common stock to WHC, in full satisfaction of our obligations under the notes and settlement agreement.
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On or about June 13, 2014, we entered into a settlement agreement with Redwood Fund II, LLC (“Redwood”) relating to our inability to issue shares of our common stock in conversion of, and resolving, our $500,000 8% Convertible Debenture Due 1/29/14 , dated April 29, 2013, with Redwood. On September 26, 2014, we issued 474,444,444 shares of common stock to Redwood in full satisfaction of our obligations under the note and settlement agreement.
On or about June 18, 2014, we entered into a settlement agreement with Southridge Partners II, LP (“Southridge”) relating to our inability to repay our Promissory Note in the amount of $100,000, dated September 30, 2013, with Southridge, and our inability to issue shares of our common stock in conversion of our Convertible Note in the amount of $35,000, dated November 20, 2013, with Southridge, resolving both notes. On September 29, 2014, we issued 209,583,076 shares of common stock to Southridge in full satisfaction of our obligations under the note and settlement agreement.
During the three months ended December 31, 2014, Magna Group, LLC, claimed it was owed an additional $50,000 in principal relating to the Company debts it had purchased, to which the Company objected as it believes Magna Group, LLC is not owed any additional principal.
On or about December 5, 2014, we entered into a settlement agreement with Jessica Vance and Suzie Q’s NPO relating to disputes between the parties as to amounts due to Vance under her consulting contract with the Company and Suzie Q NPO’s asset purchase agreement with the Company, as well as a dispute as to the what assets were to be transferred in connection with the asset purchase. Pursuant to the settlement, the parties agreed that the Company’s consulting contract with Ms. Vance was terminated, clarified what assets would be transferred to the Company, and the Company agreed to make a payment of $8,240 and 25,000,000 shares for the assets that would be transferred.
On or about March 10, 2015, we received a notice from the State of Washington Department of Revenue that we were being assessed $676,423.00 for Suzie Q’s NPO unpaid tax liability. The Company retained local tax counsel and appealed the matter on or about March 24, 2015, on the grounds that it is not a successor to Suzie Q’s NPO, had not purchased Suzie Q’s NPO or its assets, had not merged with Suzie Q’s NPO, and was not a guarantor of Suzie Q’s NPO.
On or about April 2, 2015, we received notice that the United States District Court for the Central District of California entered an order in Case Number 2:14-cv-07263-BRO-SH, Amethyst Kelly v. Primco Management, Inc. et al. , dismissing the complaint of Amethyst Kelly with prejudice against Primco Management, Inc., ESMG Inc., and Top Sail Productions, LLC.
AI
