The company generates revenue by earning royalties from products we developed, and directly investing in a diversified group of businesses that generate cash and consistently earn above-average returns on capital. The company makes investment decisions by utilizing management’s historic relations and expertise to identify opportunities that we feel are undervalued. We are constantly in search of value enterprises and investment opportunities in North and South America.
Galenfeha also provides engineering, regulatory, and general business consulting services across all disciplines, such as aerospace, oil and gas, automotive, and medical. We are currently researching new technology to more efficiently produce sustainable energy to satisfy the growing needs of the planet.
FLEAUX SOLUTIONS INC. BRINGS OVER $6,000,000 in Contracts for 2018
(Exact name of registrant as specified in its charter)
|Nevada ||333-188800 ||46-2283393 |
|(State or Other Jurisdiction of ||(Commission File Number) ||(IRS Employer Identification No.) |
|Incorporation) || || |
| || || |
| ||420 Throckmorton Street, Suite 200 ||76102 |
| ||Ft. Worth, Texas 76102 ||(Zip Code) |
| || (Address of principal executive offices) || |
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On January 29, 2018 Galenfeha entered into a Definitive Agreement to acquire Fleaux Solutions, LLC for a cash purchase of $1.00. A slide presentation that details of the operations of Fleaux Solutions, LLC can be found by following this link:
Item 7.01 Regulation FD Disclosure
On January 29, 2018, Galenfeha’s President and CEO filed with the commission on Form 4, disclosing the sale of 3,000,000 shares of preferred Series B stock to an affiliate of Fleaux Solutions, LLC, and to an affiliate of Fleaux Services of Louisiana, LLC. These shares will be moved into the Series A preferred stock. Series A votes 1:1; converts back to common 1:1; is not subject to splits in order to facilitate mergers, acquisitions, or meeting the requirements of a listed exchange; and cannot be converted back to common for resale in the open market until a 30 day VWAP of $3.50 per share has been met in Galenfeha’s public trading market. All future sales of company securities by affiliates will adhere to rules and regulations of the Commission.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 30, 2018
/s/ James Ketner
GLFH Security Details
| ||Market Value1 ||$1,660,500 ||a/o Jan 30, 2018 |
| ||Authorized Shares ||200,000,000 ||a/o Jan 21, 2017 |
| ||Outstanding Shares ||61,500,000 ||a/o Nov 15, 2017 |
| ||-Restricted ||Not Available |
| ||-Unrestricted ||Not Available |
| ||Held at DTC ||Not Available |
| ||Float ||42,000,000 ||a/o Jan 21, 2017 |
| ||Par Value ||Not Available |