You want evidence, you got it..........
On August 5, 2015, the Company amended the Corporation’s Articles of Incorporation to increase the authorized number of shares of capital stock from 1,810,000,000 to 3,910,000,000 and the authorized number of shares of common stock from 1,800,000,000 to 3,900,000,000.
Now Karl has changed his MO since the Loan Shark came on the scene. Karl doesn't sell shares in the market, he sells them in other ways. For one, Schewe pays CASH, and where do you think that CASH goes for all those shares Schewe and others get?
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On April 14, 2015, the Company issued 5,714,286 unregistered shares of common stock to Kevin Schewe, Director of the Company. The shares were issued related to the conversion by Schewe of one convertible note as discussed in detail in Note 5. The Company relied upon Section 4(2) of the Securities Act of 1933, as amended, for the offer and sale of its stock. It believed that Section 4(2) was available because the offer and sale was not a public offering of its securities and there was no general solicitation or general advertising involved in the offer or sale.
On April 14, 2015, the Company issued 14,285,714 unregistered shares of common stock to Haris Basit, CEO and Director of the Company. The shares were issued related to a Subscription Agreement entered into between the Company and Haris Basit to purchase $50,000 worth of unregistered shares of common stock at a purchase price of $0.0035. The purchase price per share was equal to 50% of the average closing price of the Company's common stock for the 20 trading days immediately preceding the date of the investment. The Company relied upon Section 4(2) of the Securities Act of 1933, as amended, for the offer and sale of its stock. It believed that Section 4(2) was available because the offer and sale was not a public offering of its securities and there was no general solicitation or general advertising involved in the offer or sale.
On April 14, 2015, the Company issued 14,285,714 unregistered shares of common stock to Asad Cochinwala. The shares were issued related to a Subscription Agreement entered into between the Company and Asad Cochinwala to purchase $50,000 worth of unregistered shares of common stock at a purchase price of $0.0035. The purchase price per share was equal to 50% of the average closing price of the Company's common stock for the 20 trading days immediately preceding the date of the investment. The Company relied upon Section 4(2) of the Securities Act of 1933, as amended, for the offer and sale of its stock. It believed that Section 4(2) was available because the offer and sale was not a public offering of its securities and there was no general solicitation or general advertising involved in the offer or sale.
On May 26, 2015, the Company issued 5,882,353 unregistered shares of common stock to Kevin Schewe, Director of the Company. The shares were issued related to the conversion by Schewe of one convertible note as discussed in detail in Note 5. The Company relied upon Section 4(2) of the Securities Act of 1933, as amended, for the offer and sale of its stock. It believed that Section 4(2) was available because the offer and sale was not a public offering of its securities and there was no general solicitation or general advertising involved in the offer or sale.
On June 25, 2015, the Company issued 11,666,667 unregistered shares of common stock to Kevin Schewe, Director of the Company. The shares were issued related to the conversion by Schewe of one convertible note as discussed in detail in Note 5. The Company relied upon Section 4(2) of the Securities Act of 1933, as amended, for the offer and sale of its stock. It believed that Section 4(2) was available because the offer and sale was not a public offering of its securities and there was no general solicitation or general advertising involved in the offer or sale.
