Maison Luxe Inc (MASN)

[samsamsamiam]

MKAU - Long term Liabilities

LONG-TERM LIABILITIES Notes

Notes(Murphy) 49,480
Notes Payable (Par Point Capital, LLC) 250,000 (Kaufman)
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$70 bucks gets you 7,000,000 shares
Nice conversion rate!!!

4) Issuance History
In February 2016, the Company issued, in two separate private transactions exempt from registration pursuant to Rule 144(b)(i), a total of 7,000,000 shares of common stock, in connection with partial conversions of separate convertible promissory notes of the Company. A total of $70.00 of the existing debt was cancelled by the issuance of such shares, a conversion price of $.00001 per share. These shares were issued free of restrictive legends and such shares are free-trading share


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4) Issuance History
In June 2016, the Company issued, in one separate private transactions exempt from registration pursuant to Rule 144(b)(i), a total of 3,000,000 shares of common stock, in connection with partial conversions of separate convertible promissory notes of the Company. A total of $30.00 of the existing debt was cancelled by the issuance of such shares, a conversion price of $.00001 per share. These shares were issued free of restrictive legends and such shares are free-trading share

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Don't ever be fooled into thinking just because someone has a "tiny" amount of debt that it doesn't translate into a huge share conversion.



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Also the Beneficial shares that show up for Brian Wendt and RIOROCA Holdings - are over a year old - they wouldn't be restricted. They could be sold at anytime. Might have been the reason Cruz kept the company name as beneficial shareholder and replaced David as president. they would still be the same shares that were originally issued back in 2015.

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Apparently Michael RAY Murphy still has his hand in the pot!!

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Next financials due on Tuesday???
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=166500

NOTIFICATION OF LATE FILING
Name of the Issuer: MK Automotive, Inc.
Check One: Annual Report Quarterly Report Interim Report
For Period Ended: 12/31/2016
Address of Principal Executive Office: 8050 N. 19th Ave. #241 Phoenix, AZ 85021
Reason for Delay in Posting Financial Report: State below in reasonable detail why the Annual/Quarterly Report could not be filed within the prescribed time period. Due to change in control in January of 2017
Anticipated Filing Date: [Please note that the filing of this notification grants issuers 5 additional calendar days to post a Quarterly or Interim Report and 15 calendar days to post an Annual Report.] 2/20/2017
Person to contact regarding this notification: Date: 2/15/2017
Signature: ________________________ Name: David Loflin Title: President