*** CONSOLIDATED DOLV DD 6-29-2016 ***
Here is information from the Wyoming Secretary of State-DOLV filings and the OTCmarket.com/DOLV filings.
The 2/3/16 amendment, WSOS, was actually filed by the old management. This amendment to the articles of incorporation was signed, on 12/27/15, by Schmuel Dovid Hauck, then President and Director. Highlights are as follows:
1) The name was changed from Dolat Ventures, Inc. to Partner Developments Incorporated, probably required by Steven E Stein before he moved in a sole officer and president.
2) The authorized shares were raised to 2 billion shares
3) There were 2 million Class C convertible preferred shares issued, each share convertible to 2500 common shares, with all currently issued Class C Shares changed to have the same conversion features.
The 5/2/16 amendment, WSOS, was filed by the new management. This amendment to the articles of incorporation was signed, on 4/4/16, by Steven Stein, the new President and sole officer of the company. The highlights are as follows:
1) The total aggregate shares were reduced to 1 billion and 1 million shares. 1 billion shares of common and 1 million shares of preferred stock
2) The Class C convertible preferred shares were re-titled to Class C preferred shares and lost their conversion feature. The only rights granted to these shares were superior voting rights. You can read what the superior voting rights are by reading the amendment.
3) The 300,000 previously issued Class C Convertible preferred shares, which included his I assume, were changed to Class C preferred shares with no conversion feature and only voting rights.
I am assuming that most of the Class C preferred shares belong to him, per the December 31, 2015 OTC filing. Since he injected 2.6 million dollars of assets into the company, a majority of the preferred shares with super voting rights were given to him. The number of shares voting to approve this amendment was 750 million, which appears to be the 300,000 preferred shares that were issued and which were most likely all his.
He probably had all of the old officers resign, he lowered the AS, he lowered the convertible preferred stock, and he removed the conversion feature of the preferred stock, so I think he clean house pretty well. Not bad for six months worth of work.
IMHO, we haven't heard anything from the company because he has been quietly at work cleaning up the mess that the previous management made of this company. At least that is what I see when I read the actual data that is out there.
*DD courtesy of LIVINGTHEGOODLIFE
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