- LTSN Note Breakdown and Explosive DD-
There are(were) 2 notes on file
On September 29, 2016, the Issuer issued 203,679,586 shares of common stock to a
custodian appointed by the Nevada District Court in case number A-16-741529-B. These
shares were transferred to the current management. As of December 31, 2016, by means
of an agreement executed in February 2017, the Issuer acquired all of the shares of
Natural Products in exchange for the guaranty of (a) a two-year promissory note in the
principal amount of $50,000, due December 14, 2017 with interest at 8% per annum, with
interest payable in cash or shares of common stock, and (b) a two-year promissory note
issued March 3, 2015 in the amount of $75,000 at a like interest rate. This second note
was issued in connection with the payment by the Lender of $75,000 for a branding and
packaging consulting agreement entered into by the Issuer
75k Note----- was due March 2017
50k Note----- is due Dec 14 2017
-Lets First Breakdown the 75k Note! As seen in filings below-
On March 17, 2017 the company issued
24,750,000 common shares as payment toward a $75,000.00 note thus reducing the balance
to $35,715.00
-The issuance of 24,750,000 shares took the 75k note total down to 35,715. The time of this date the OS was a reported to be 274,750,000
as seen below-
Common Stock - 750,000,000 shares authorized;
Par value of $.00001 per share; 274,750,000 and 42,350,000
--shares issued and outstanding
-Now lets Fast foward to the OS last reported on OTC markets, which was just days ago!-
Authorized Shares 750,000,000 a/o May 24, 2017
Outstanding Shares 301,950,250 a/o May 24, 2017
-So now the OS is up to 301,950,250, A change of over 27 million shares!, According to the last conversion they knocked off 40k for
almost 25 million shares. According to my math this last conversion of 27 million shares took the debt down to ZERO!-
-The 50k Note is not due till decemeber as seen below-
As of December 31, 2016, by means
of an agreement executed in February 2017, the Issuer acquired all of the shares of Natural
Products in exchange for the guaranty of (a) a two-year promissory note in the principal
amount of $50,000, due December 14, 2017
-It looks like we are DEBT free for about 6 months-
Insider ownership
-The insider ownership can be seen below,There is only around 100 million shares TOPS trading in the market-
Name of Number of Percentage
of Outstanding
Stockholder Shares Owned Common Stock
Gino Bruzzese 203,679,586 81.7%
All executive officers and directors
as a group (2 persons) 203,679,586 81.7%
Authorized Shares 750,000,000 a/o May 24, 2017
Outstanding Shares 301,950,250 a/o May 24, 2017
