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What's up
Earning is coming out tomorrow at close of business it announces it on Robinhood.
What would a buy out due for the pps?
When will they have the fourth quarter out.
Liberty Coal Energy, Corp. Announces Management Restructuring
CARLSBAD, CA--(Marketwired - Jan 29, 2014) - Liberty Coal Energy, Corp. (OTCQB: LBTG) (the "Company" "Liberty Coal" or "Liberty") announces the resignation of Its President, Edwin G. Morrow and the appointment of CFO Robert T. Malasek to the position of Interim President and CEO.
The company accepted the resignation of Edwin G. Morrow and the appointment of CFO Robert T. Malasek to the position of Interim President and CEO today. Mr. Morrow, who has served as Liberty's President since April 2010, will continue to serve on the Company's Board of Directors and as the Company's Head of Geology. Mr. Malasek joined the company in April of 2011. This restructuring is effective immediately, and is aimed at creating a more efficient operation to aid the Company's progress in implementing its revised Business Plan.
About Liberty Coal Energy Corp.
Liberty Coal Energy is an energy resource development and production company with projects in north western Louisiana and in eastern Kentucky. The Company is building the foundation for success in the United States' most active oil and coal mining regions. Liberty Coal Energy is dedicated to the acquisition, development and production of oil and coal in North America. The Company is committed to creating value for its shareholders by maintaining the highest environmental standards to produce oil and clean coal for the nation's energy needs.
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as "expect," "believe" or "plan," by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
CONTACT INFORMATION
Liberty Coal Energy Corp.
Investor Relations
760-410-8189
www.libertycoalenergy.net
Email Contact
IMG_2302.PNG
It showed they filed last year on the 15th.
Is number one on the most posted board.
It's number one on the most read board.
3 days
$$$$$$$ land!!
What's up with this stock?
Eagle Oil Holding Company, Inc. (OTCBB: EGOH) is an energy company engaged in the exploration and production of oil through the development of a repeatable, low geological risk, high potential project in the Venango County in Pennsylvania. The company owns interest in the Frank Farm Lease with 12 wells on 50 acres and the company has also acquired a producing lease.
Through a subsidiary, EGOH has a contract to provide Internet and VOIP in the Caribbean. Get the details here, in this report: http://bit.ly/-EGOH-AnalystUpdate
NEXT Group Holdings, Inc. who recently finalized its definitive agreement with Pleasant Kids Inc. (OTCQB: PLKD) has seen constant volume over the past few weeks coupled by a strong increase in money flow into the company causing a 300% increase in its stock price. The stock yesterday touched .41 as it breaks its one-year price high by 33%.
NEXT Group Holdings, Inc. is a leading-edge communications technology company focused on providing innovative mobility and remittances solutions for the emerging markets. The company announced right before the run up the establishment of a research and development office in Tel Aviv, Israel.
Look for their next step of combining mobility with NEXT CALA GPR, a long-distance rewards program that lets users earn points that converts into HD Video min and long-distance Voice calls.
12-3-2015
NEXT Group Holdings, Inc. is a leading-edge communications technology company focused on providing innovative mobility and remittances solutions for the emerging markets. The company announced right before the run up the establishment of a research and development office in Tel Aviv, Israel.
Look for their next step of combining mobility with NEXT CALA GPR, a long-distance rewards program that lets users earn points that converts into HD Video min and long-distance Voice calls
Florida Profit Corporation
PLEASANT KIDS, INC.
Filing Information
Document Number
P05000130265
FEI/EIN Number
46-3243320
Date Filed
09/21/2005
State
FL
Status
ACTIVE
Last Event
AMENDMENT
Event Date Filed
11/20/2015
Event Effective Date
NONE
Principal Address
Be nice. If it was. Could make a little money . But IDK
Stock tips is announcing its new pick Sunday it is a sub penny stock. That is at .0001 and has a big up side to it.
When is the split happen?
Pleasant Kids
Pleasant Kids Appoints Christopher Reynolds as VP of Sales and Head of business Development.
Pleasant kids is proud to announce the newly appointed vice president of sales, Mr. Christopher Reynolds. Christopher has a wealth of industry expertise across several areas of the beverage industry that ranges from finance to sales and distribution. Mr. Reynolds began his career as Vice President of Merrill Lynch Global's Beverage Finance Group and was responsible for closing over $400 million in loans to beverage related companies. In 2005 Mr. Reynolds was recruited as the Vice President for Wachovia Bank's Beverage Finance Group, where he originated $227 million in new loans to the industry. Mr. Reynolds then took on a new challenge with Eternal Water and Increased US-located DSD sales from less than $1 million to over $3.5 million. He was instrumental in expanding the distribution from 5000 to 15,000+ accounts, including Whole Foods in the US and Canadian market. Mr. Reynolds is a beloved father of two and a retired U.S. ARMY SPECIAL FORCES (Green Berets), Special Operations Sergeant 1989-1992. Mr. Reynolds has began his service to Pleasant Kids by already introducing the company to several distributors in Florida and California and look to complete negotiations soon.
Appoints Christopher Reynolds as VP of Sales and Head of Business Development
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FORT LAUDERDALE, Fla, Mar. 4 /PRNewswire/ -- Pleasant Kids, Inc. (OTCMARKETS:PLKD) American's premier alkaline Spring Water and all natural Apple Juice for children is proud to announce the newly appointed vice president of sales, Mr. Christopher Reynolds. Christopher has a wealth of industry expertise across several areas of the beverage industry that ranges from finance to sales and distribution. Mr. Reynolds began his career as Vice President of Merrill Lynch Global's Beverage Finance Group and was responsible for closing over $400 million in loans to beverage related companies. In 2005 Mr. Reynolds was recruited as the Vice President for Wachovia Bank's Beverage Finance Group, where he originated $227 million in new loans to the industry. Mr. Reynolds then took on a new challenge with Eternal Water and Increased US-located DSD sales from less than $1 million to over $3.5 million. He was instrumental in expanding the distribution from 5000 to 15,000+ accounts, including Whole Foods in the US and Canadian market. Mr. Reynolds is a beloved father of two and a retired U.S. ARMY SPECIAL FORCES (Green Berets), Special Operations Sergeant 1989-1992. Mr. Reynolds has begun his service to Pleasant Kids by already introducing the company to several distributors in Florida and California and look to complete negotiations soon.
Corporate updates and company advances:
We have purchased a Chevy heavy duty cargo van that will be used in our route sales division. The custom wrapped van featuring our logos and Dr. Karent Sierra's (see images on FB) image, will assist us in our DSD (Direct sales deliveries) to convenience stores, supermarkets, hotels and schools. We also welcome Yasmani as our company driver. His duties are to oversee our DSD and manage our custom coolers installs and replenishment.
Company Updates:
We recently have been faced with a couple of legal issues we would like to clarify. A fictitious lawsuit was filed against Pleasant Kids and on December 15th an order was signed by a Circuit Court Judge vacating a judgment that was granted due to a misrepresentation of facts. We have entered into a settlement with a former employee and have since started making the payments to satisfy the amounts owed. A $10,000.00 payment was paid on February 12th 2015. Our corporate council at Fishers & Philips have since served a demand letter to the responsible parties to immediately remove all documents of the vacated judgment or be faced with a lawsuit for an amount of $100 dollars a day plus damages and legal fee. The demand letter was delivered on February 24th and the parties have 30 days to remove or face this lawsuit.
Additionally, in an ongoing effort to increase shareholder value the company recently decreased its authorized shares. This move was not welcomed by a company investor. The investors filed a claim in New York and after long conversations the claim was dropped but the authorized needed to be increased. We are fully committed to transparency but the nature of the negotiation needed to be discreet so that the final outcome can be a positive one.
Battlefrog Sponsorship Discussion Update
Earlier this year Pleasant Kids, Inc. entered talks with Battlefrog concerning potential sponsorship of the Battlefrog Series. On February 9, 2015 Pleasant Kids Inc believed that it had reached an agreement in principle with Battlefrog. Pleasant Kids then sent out a sponsorship announcement to the public. Unfortunately, talks then failed to result in a sponsorship agreement. As a result, Pleasant Kids must retract its press statements to that effect.
Our new corporate website will soon be finished and it will represent our efforts of building our corporate image and brand. We are excited to receive feedback from the public regarding our new site. As always we want to offer thanks to our shareholders as we continue our journey towards success.
I copied the two post from today pleasant kids Facebook page. Let see what tomorrow will do.
Pleasant Kids
Sweet dreams friends Tomorrow is a big day.
Like · 7 · Reply · More · 3 hours ago
Pleasant Kids
5 hours ago · Edited ·
Gearing Up For The Beverage Season
We’re heading into the Beverage Season! The quarter can be overwhelming. On top of the usual everyday duties of the company, there is the extra work of planning for events and monitoring inventory that—with the high volume of seasonal traffic—disappears before your eyes.
On April 15th is the unofficial kickoff - when distributors set out to move allot of inventory. In preparation for this season we will be adding additional sales account personnel and beverage brokers to our corporation.
If you are interested contact us at info@pleasantkids.com
19 Likes · 4 Comments
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q
(Mark One)
? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE THREE MONTH PERIOD ENDED: December 31, 2014
? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission File Number: 333-148987
PLEASANT KIDS, INC
(Exact name of Registrant as specified in its charter)
Florida 20-35337265
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer
Identification No.)
2600 WEST OLIVE AVENUE, 5F, BURBANK, CA 91505
(Address of principal executive offices)
855-710-5437
(Registrant’s telephone number)
NYBD HOLDINGS, INC
(Former Name, Former Address and Former Fiscal Year, if changed since last report)
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ? No ?
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.
Large accelerated filer ? Accelerated filer ?
Non-accelerated filer ? Smaller reporting company ?
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ? No ?
State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: As of January 21, 2015 the issuer had 4,923,374,833 shares of its common stock issued and outstanding.
Part I – FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
PLEASAND KIDS, INC
(Unaudited)
1
PLEASANT KIDS, INC
(Formerly NYBD Holdings, Inc.)
(A Development Stage Company)
BALANCE SHEETS
(Unaudited) (Audited)
December 31, September 30,
2014 2014
ASSETS
Current Assets
Cash $ 8,884 $ 8,799
Inventory 40,181 39,560
Accounts receivable 9,970 899
Total Current Assets 59,035 49,258
Fixed Assets
Property, plant and equipment, net of depreciation 7,137 3,577
Total Fixed Assets 7,137 3,577
Total Assets $ 66,172 $ 52,835
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Bank overdraft $ - $ -
Accrued payable & accrued expense 7,002 16,882
Accrued interest 4,380 3,402
Accrued salary 248,890 186,641
Shareholder loan 118,568 106,627
Loan payable 13,260 13,260
Convertible notes payable 159,000 159,500
Derivative liability 961,824 1,057,005
Total Current Liabilities 1,512,924 1,543,317
Total Liabilities 1,512,924 1,543,317
Stockholders' Deficit
Preferred Stock, authorized 10,000,000 shares, series A, $0.001 par value, 8,320,000 issued and outstanding as of December 31, 2014 and September 30, 2014 respectively 8,320 8,320
Common Stock, authorized 5,000,000,000 shares, $0.001 par value,4,585,054,232 issued and outstanding as of December 31, 2014 and 3,482,654,232 shares issued and outstanding as of September 30, 2014, respectively 4,585,054 3,482,654
Additional Paid in Capital (3,906,613 ) (2,859,333 )
Accumulated Deficit (2,133,513 ) (2,122,123 )
Total Stockholders' Deficit (1,446,752 ) (1,490,482 )
Total Liabilities and Stockholders' Deficit $ 66,172 $ 52,835
The accompanying notes are an integral part of these unaudited financial statements.
2
PLEASANT KIDS, INC
(Formerly NYBD Holdings, Inc)
(A Development Stage Company)
STATEMENTS OF OPERATIONS
(Unaudited)
For the Three Months Ended (From inception
December 31, July 15, 2013) to
2014 2013 December 31,
2014
Revenues $ 10,975 $ 244 $ 16,221
Cost of Revenues 7,160 - 17,324
Gross Profit 3,815 244 (1,103 )
Operating Expenses:
Consulting fees - - 65,175
Professional services 8,546 72,800 147,860
Officer compensation 87,249 4,500 477,711
General and administrative expense 11,494 99,293 231,449
Total Operating Expenses 107,289 176,593 922,195
Loss from continuing operations (103,474 ) (176,349 ) (923,298 )
Other Income (Expense):
Interest expense (3,097 ) (4,550 ) (43,888 )
Other income - - 62
Loss on assumption of debt - - (75,000 )
Derivative expense - (98,593 ) (1,186,570 )
Change in fair value of embedded derivative liability 95,181 - 95,181
Total other income (expenses) 92,084 (103,143 ) (1,210,215 )
Net loss before income taxes (11,390 ) (279,492 ) (2,133,513 )
Income taxes - - -
Net Loss $ (11,390 ) $ (279,492 ) $ (2,133,513 )
Earnings (loss) per share;
Basic $ (0.001 ) $ (0.003 ) $ (0.024 )
Weighted average number of shares outstanding 1,083,661,783 111,070,482 90,292,030
The accompanying notes are an integral part of these unaudited financial statements.
3
PLEASANT KIDS, INC
(Formerly NYBD Holdings, Inc.)
(A Development Stage Company)
STATEMENTS OF STOCKHOLDERS' EQUITY
December 31, 2014
(Unaudited)
Stock Additional Total
Preferred Stock Common Stock Payable Paid-in Retained Stockholders
Shares Amount Shares Amount Amount Capital Deficit Deficit
Balance, July 15, 2013 - $ - 74,206,359 $ 74,206 $ - $ (74,206 ) $ - $ -
Recapitalization pursuant to share exchange with Pleasant Kids, Inc. on September 20, 2013 10,000,000 10,000 1,000 1 48,300 (317,801 ) - (259,500 )
Net loss for the period from July 13, 2013 to September 30, 2013 - - - - - - (1,548,373 ) (1,548,373 )
Balance, September 30, 2013 10,000,000 $ 10,000 74,207,359 74,207 48,300 (392,007 ) (1,548,373 ) (1,807,873 )
Stock issued for services - - 13,000,000 13,000 - 59,800 - 72,800
Stock issued for stock payable - - 23,000,000 23,000 (48,300 ) 25,300 - -
Stock issued for debt refinancing - - 3,500,000 3,500 - 10,150 - 13,650
Stock issued for debt reduction - - 3,176,946,873 3,176,947 - (2,554,819 ) - 622,128
Stock issued for cash 150,000,000 150,000 (97,002 ) 52,998
Stock issued for conversion of Preferred (1,680,000 ) (1,680 ) 42,000,000 42,000 (40,320 )
Derivative liability adjustment - - - - - 129,565 - 129,565
Net loss for period ending September 30, 2014 - - - - - - (573,750 ) (573,750 )
Balance, September 30, 2014 8,320,000 8,320 3,482,654,232 3,482,654 - (2,859,333 ) (2,122,123 ) (1,490,482 )
Stock issued for debt reduction 1,102,400,000 1,102,400 - (1,047,280 ) 55,120
Net loss for period ending December 31, 2014 (11,390 ) (11,390 )
Balance, December 31, 2014 8,320,000 $ 8,320 4,585,054,232 $ 4,585,054 $ - $ (3,906,613 ) $ (2,133,513 ) $ (1,446,752 )
The accompanying notes are an integral part of these unaudited financial statements.
4
PLEASANT KIDS, INC
(formerly NYBD Holdings, Inc.)
(A Development Stage Company)
STATEMENTS OF CASH FLOWS
(Unaudited)
For the Three Months Ended (From inception
December 31, July 15, 2013) to
2014 2013 December 31,
2014
Cash Flows from Operating Activities:
Net Loss $ (11,390 ) $ (279,492 ) (2,133,513 )
Adjustments to reconcile net loss to net cash used in operating activities:
Stock issued for services - 72,800 72,800
Stock issued for debt refinancing - 13,650 13,650
Loss on assumption of debt - - 75,000
Fees on convertible notes 2,500 - 10,000
Depreciation and amortization 540 - 938
Derivative expense - 98,593 1,186,570
Change in fair value of derivative liability (95,181 ) - (95,181 )
Changes in Operating Assets and Liabilities:
(Increase) Decrease in Inventory (621 ) (19,055 ) (40,181 )
Decrease in prepaids - 7,010 -
( Increase) in accounts receivable (9,071 ) - (9,970 )
Increase in accrued expenses 55,467 59,600 349,769
Net Cash Used by Operating Activities (57,756 ) (46,894 ) (570,118 )
Cash Flows from Investing Activities:
Purchase of fixed assets (4,100 ) - (8,075 )
Net Cash Provided by Investing Activities (4,100 ) - (8,075 )
Cash Flows from Financing Activities:
Cash overdraft - - -
Proceeds from loan payable - 5,000 15,000
Proceeds from Convertible notes 50,000 22,000 453,509
Proceeds from/(payments to) notes payable-related parties 11,941 15,288 118,568
Net Cash Provided by Financing Activities 61,941 42,288 587,077
Net Increase (Decrease) in Cash 85 (4,606 ) 8,884
Cash at Beginning of Period 8,799 4,659 -
Cash at End of Period $ 8,884 $ 53 8,884
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest $ $ - $ -
Income Taxes $ $ - $ -
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Stock issued for debt reduction $ 53,000 $ 74,430 $ 637,751
The accompanying notes are an integral part of these unaudited financial statements.
5
PLEASANT KIDS, INC
(Formerly NYBD Holdings, Inc.)
NOTES TO FINANCIAL STATEMENTS
AS OF DECEMBER 31, 2014 AND SEPTEMBER 30, 2014
(UNAUDITED)
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS
The Company was originally incorporated on September 21, 2005 under the laws of the state of Florida with the name League Now Holdings Corporation. On February 27, 2013, the Company consummated a share exchange with New York Bagel Deli, Inc. (“NYBD”). Under the terms of the share exchange, NYBD received 28,500,000 shares of the Company’s common stock for 100% of the issued and outstanding capital of NYBD. As a result of the transaction, the shareholders of NYBD became the majority owners of the Company and NYBD became a wholly-owned subsidiary. Concurrent with the share exchange, the Company agreed to sell its subsidiary (the operations of League Now) to John Bianco the Company’s former CEO. In exchange for the assumption by Mr. Bianco of all associated liabilities with the exception of convertible notes held by Asher Enterprises Inc in the amount of $75,000.
On September 20, 2013, the Company entered into a share exchange agreement with Pleasant Kids, Inc. whereby the Company issued 10,000,000 preferred shares and 1,000 common shares for all of the outstanding shares of Pleasant Kids, Inc. As a result of the share exchange, Pleasant Kids, Inc. became the surviving Company. In connection with the closing of the share exchange agreement, Haim Yeffet, a shareholder, a director of NYBD Holding, Inc. returned 13,000,000 shares of the common stock and 100,000 shares of the Preferred A stock of NYBD Holding, Inc to the treasury of NYBD Holding, Inc. and received 2,000,000 shares of Preferred A stock. Mr. Haim Yeffett assumed the outstanding debt of NYBD Holding, Inc., with the exception of the Asher convertible notes, and kept all of the assets of NYBD Holding, Inc. For accounting purposes, the share exchange was as a reverse merger. The new operations of the Company will be solely those of Pleasant Kids, Inc. The historical balances and results of operations will be those of Pleasant Kids, exclusive of NYBD Holding, Inc. Pleasant Kids, Inc. was incorporated on July 15, 2013 under the laws of the state of Florida.
On June 18, 2004, the board of directors of Pleasant Kids, Inc., officially changed its name from NYBD Holding, Inc. to Pleasant Kids, Inc. The name change became effective August 9, 2014 with FINRA but did not become effective until October 7, 2014 in the state of Florida. The Company also changed the symbol from NYBD to PLKD effective August 18, 2014.
Pleasant Kids, Inc. (Formerly NYBD Holding, Inc) is engaged in the business of producing, marketing and distributing naturally balanced alkalized water for children, including and not limited to organic natural juices.
NOTE 2 - GOING CONCERN
The Company's financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustment relating to recoverability and classification of recorded amounts of assets and liabilities that might be necessary should the Company be unable to continue as a going concern.
The Company has a minimum cash balance available for payment of ongoing operating expense, has experienced losses from operations since inception, and it does not have a source of revenue sufficient to cover its operating costs. Its continued existence is dependent upon its ability to continue to execute its operating plan and to obtain additional debt or equity financing. There can be no assurance the necessary debt or equity financing will be available, or will be available on terms acceptable to the Company.
6
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
This summary of accounting policies for NYBD Holdings, Inc is presented to assist in understanding the Company’s financial statements. The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America ("GAAP" accounting) and have been consistently applied in the preparation of the financial statements.
The accompanying unaudited financial statements have been prepared on a basis consistent with generally accepted accounting principles in the United States (“GAAP”) for interim financial information and pursuant to the rules of the Securities and Exchange Commission (“SEC”). In the opinion of management, the accompanying unaudited financial statements reflect all adjustments, consisting of only normal and recurring adjustments, necessary for a fair presentation of the results of operations, financial position and cash flows for the periods presented. The results of operations for the periods are not necessarily indicative of the results expected for the full year or any future period. These statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended September 30, 2014 as filed with the SEC on January 7, 2015.
Fiscal Year End
The Company has adopted a September 30 fiscal year end.
Development Stage Company
The Company is currently a development stage enterprise reporting under the provisions of FASB ASC Topic 915, Development Stage Entity. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America.
Use of Estimates and Assumptions
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements. Actual results could differ from those estimates. Estimates are used when accounting for allowances for bad debts, collectability of accounts receivable, amounts due to service providers, depreciation and litigation contingencies, among others.
Cash and Cash Equivalents
For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.
Revenue recognition
The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company will recognize revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.
Property and equipment
Property and equipment are stated at cost less accumulated depreciation and amortization. The Company provides for depreciation and amortization using the straight-line method over the estimated useful lives of the related assets, which range from three to five years. Maintenance and repair costs are expensed as they are incurred while renewals and improvements which extend the useful life of an asset are capitalized. At the time of retirement or disposal of property and equipment, the cost and related accumulated depreciation and amortization are removed from the accounts and any resulting gain or loss is reflected in the results of operations.
7
Inventory
At December 31, 2014, the Company’s inventory consists of raw materials and finished materials valued under the FIFO method, stated at the lower of cost or market value. When raw materials are moved to the production floor, the Company will reclassify the costs to work-in-process. When the manufacturing process is complete, the Company will reclassify these costs to finished goods inventory. At this time, all accumulated costs of raw materials, direct labor used in production, and manufacturing overhead are accounted for in the cost basis of finished goods.
Impairment of Long-Lived Assets
In accordance with ASC Topic 360, formerly SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets, the Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of these assets may not be fully recoverable. The assessment of possible impairment is based on the Company’s ability to recover the carrying value of its asset based on estimates of its undiscounted future cash flows. If these estimated future cash flows are less than the carrying value of the asset, an impairment charge is recognized for the difference between the asset's estimated fair value and its carrying value. As of the date of these financial statements, the Company is not aware of any items or events that would cause it to adjust the recorded value of its long-lived assets for impairment.
Off-Balance Sheet Arrangements
We have no off-balance sheet arrangements.
Emerging Growth Company
We qualify as an “emerging growth company” under the 2012 JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. As an emerging growth company, we can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period.
Fair Value of Financial Instruments
Fair value of certain of the Company’s financial instruments including cash and cash equivalents, accounts receivable, account payable, accrued expenses, notes payables, and other accrued liabilities approximate cost because of their short maturities. The Company measures and reports fair value in accordance with ASC 820, “Fair Value Measurements and Disclosure” defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles and expands disclosures about fair value investments.
Fair value, as defined in ASC 820, is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of an asset should reflect its highest and best use by market participants, principal (or most advantageous) markets, and an in-use or an in-exchange valuation premise. The fair value of a liability should reflect the risk of nonperformance, which includes, among other things, the Company’s credit risk.
Valuation techniques are generally classified into three categories: the market approach; the income approach; and the cost approach. The selection and application of one or more of the techniques may require significant judgment and are primarily dependent upon the characteristics of the asset or liability, and the quality and availability of inputs. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. ASC 820 also provides fair value hierarchy for inputs and resulting measurement as follows:
Level 1 : Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities; The Company values it’s available for sale securities using Level 1.
8
Level 2: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities; and
Level 3: Unobservable inputs for the asset or liability that are supported by little or no market activity and that are significant to the fair values.
Fair value measurements are required to be disclosed by the Level within the fair value hierarchy in which the fair value measurements in their entirety fall. Fair value measurements using significant unobservable inputs (in Level 3 measurements) are subject to expanded disclosure requirements including a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings, and a description of where those gains or losses included in earning are reported in the statement of income.
Income Taxes
Income taxes are accounted for under the assets and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. Use of net operating loss carry forwards for income tax purposes may be limited by Internal Revenue Code section 382 if a change of ownership occurs.
Basic Income (Loss) Per Share
Basic income (loss) per share is calculated by dividing the Company's net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company's net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity.
At December 31, 2014, the Company has four convertible notes outstanding totaling $159,000 which if converted at the current market would result in 1,370,689,656 new dilutive common shares.
Dividends
The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during any of the periods shown.
Advertising Costs
The Company's policy regarding advertising is to expense advertising when incurred.
Stock-Based Compensation
The Company accounts for equity instruments issued to parties other than employees for acquiring goods or services under guidance of Sub-topic 505-50 of the FASB Accounting Standards Codification (“Sub-topic 505-50”).
9
Related Parties
The registrant follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions.
Pursuant to Section 850-10-20 the Related parties include (a) affiliates of the registrant; (b) Entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; (c) trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; (d) principal owners of the registrant; (e) management of the registrant; (f) other parties with which the registrant may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and (g) Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.
The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements. The disclosures shall include: (a) the nature of the relationship(s) involved; (b) description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; (c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and (d) ammounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.
Embedded Conversion Features
The Company evaluates embedded conversion features within convertible debt under ASC 815 “Derivatives and Hedging” to determine whether the embedded conversion feature(s) should be bifurcated from the host instrument and accounted for as a derivative at fair value with changes in fair value recorded in earnings. If the conversion feature does not require derivative treatment under ASC 815, the instrument is evaluated under ASC 470-20 “Debt with Conversion and Other Options” for consideration of any beneficial conversion features.
Derivative Financial Instruments
Fair value accounting requires bifurcation of embedded derivative instruments such as conversion features in convertible debt or equity instruments, and measurement of their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the Black-Scholes option-pricing model. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments.
Once determined, derivative liabilities are adjusted to reflect fair value at each reporting period end, with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives. In addition, the fair value of freestanding derivative instruments such as warrants, are also valued using the Black-Scholes option-pricing model.
Recently Issued Accounting Standards
In June 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation”. The update removes all incremental financial reporting requirements from GAAP for development stage entities, including the removal of Topic 915 from the FASB Accounting Standards Codification. In addition, the update adds an example disclosure in Risks and Uncertainties (Topic 275) to illustrate one way that an entity that has not begun planned principal operations could provide information about the risks and uncertainties related to the company’s current activities. Furthermore, the update removes an exception provided to development stage entities in Consolidations (Topic 810) for determining whether an entity is a variable interest entity-which may change the consolidation analysis, consolidation decision, and disclosure requirements for a company that has an interest in a company in the development stage. The update is effective for the annual reporting periods beginning after December 15, 2014, including interim periods therein. Early application with the first annual reporting period or interim period for which the entity’s financial statements have not yet been issued (Public business entities) or made available for issuance (other entities). The Company adopted this pronouncement for the three months ended August 31, 2014.
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In June 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-12, “Compensation – Stock Compensation ( Topic 718 ); Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period”. The amendments in this ASU apply to all reporting entities that grant their employees share-based payments in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. For all entities, the amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. Entities may apply the amendments in this ASU either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. If retrospective transition is adopted, the cumulative effect of applying this Update as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date. Additionally, if retrospective transition is adopted, an entity may use hindsight in measuring and recognizing the compensation cost. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition. We are currently reviewing the provisions of this ASU to determine if there will be any impact on our results of operations, cash flows or financial condition.
In August 2014, the FASB issued Accounting Standards Update “ASU” 2014-15 on “Presentation of Financial Statements Going Concern (Subtopic 205-40) – Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. Currently, there is no guidance in U.S. GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. The amendments in this Update provide that guidance. In doing so, the amendments are intended to reduce diversity in the timing and content of footnote disclosures. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). We are currently reviewing the provisions of this ASU to determine if there will be any impact on our results of operations, cash flows or financial condition.
All other newly issued accounting pronouncements but not yet effective have been deemed either immaterial or not applicable.
NOTE 4 - INVENTORY
Inventory stated at cost at December 31, 2014 and September 30, 2014 consisted of the following:
December 31,
2014 September 30,
2014
Finished Goods $ 15,360 $ 14,880
Work in Process - -
Raw Materials 24,821 24,680
$ 40,181 $ 39,560
The Company values its inventory using the FIFO method. The Company has had no write downs since its inception on July 13, 2013.
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10-q is out.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q
(Mark One)
? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE THREE MONTH PERIOD ENDED: December 31, 2014
? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission File Number: 333-148987
PLEASANT KIDS, INC
(Exact name of Registrant as specified in its charter)
Florida 20-35337265
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer
Identification No.)
2600 WEST OLIVE AVENUE, 5F, BURBANK, CA 91505
(Address of principal executive offices)
855-710-5437
(Registrant’s telephone number)
NYBD HOLDINGS, INC
(Former Name, Former Address and Former Fiscal Year, if changed since last report)
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ? No ?
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.
Large accelerated filer ? Accelerated filer ?
Non-accelerated filer ? Smaller reporting company ?
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ? No ?
State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: As of January 21, 2015 the issuer had 4,923,374,833 shares of its common stock issued and outstanding.
Part I – FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
PLEASAND KIDS, INC
(Unaudited)
1
PLEASANT KIDS, INC
(Formerly NYBD Holdings, Inc.)
(A Development Stage Company)
BALANCE SHEETS
(Unaudited) (Audited)
December 31, September 30,
2014 2014
ASSETS
Current Assets
Cash $ 8,884 $ 8,799
Inventory 40,181 39,560
Accounts receivable 9,970 899
Total Current Assets 59,035 49,258
Fixed Assets
Property, plant and equipment, net of depreciation 7,137 3,577
Total Fixed Assets 7,137 3,577
Total Assets $ 66,172 $ 52,835
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Bank overdraft $ - $ -
Accrued payable & accrued expense 7,002 16,882
Accrued interest 4,380 3,402
Accrued salary 248,890 186,641
Shareholder loan 118,568 106,627
Loan payable 13,260 13,260
Convertible notes payable 159,000 159,500
Derivative liability 961,824 1,057,005
Total Current Liabilities 1,512,924 1,543,317
Total Liabilities 1,512,924 1,543,317
Stockholders' Deficit
Preferred Stock, authorized 10,000,000 shares, series A, $0.001 par value, 8,320,000 issued and outstanding as of December 31, 2014 and September 30, 2014 respectively 8,320 8,320
Common Stock, authorized 5,000,000,000 shares, $0.001 par value,4,585,054,232 issued and outstanding as of December 31, 2014 and 3,482,654,232 shares issued and outstanding as of September 30, 2014, respectively 4,585,054 3,482,654
Additional Paid in Capital (3,906,613 ) (2,859,333 )
Accumulated Deficit (2,133,513 ) (2,122,123 )
Total Stockholders' Deficit (1,446,752 ) (1,490,482 )
Total Liabilities and Stockholders' Deficit $ 66,172 $ 52,835
The accompanying notes are an integral part of these unaudited financial statements.
2
PLEASANT KIDS, INC
(Formerly NYBD Holdings, Inc)
(A Development Stage Company)
STATEMENTS OF OPERATIONS
(Unaudited)
For the Three Months Ended (From inception
December 31, July 15, 2013) to
2014 2013 December 31,
2014
Revenues $ 10,975 $ 244 $ 16,221
Cost of Revenues 7,160 - 17,324
Gross Profit 3,815 244 (1,103 )
Operating Expenses:
Consulting fees - - 65,175
Professional services 8,546 72,800 147,860
Officer compensation 87,249 4,500 477,711
General and administrative expense 11,494 99,293 231,449
Total Operating Expenses 107,289 176,593 922,195
Loss from continuing operations (103,474 ) (176,349 ) (923,298 )
Other Income (Expense):
Interest expense (3,097 ) (4,550 ) (43,888 )
Other income - - 62
Loss on assumption of debt - - (75,000 )
Derivative expense - (98,593 ) (1,186,570 )
Change in fair value of embedded derivative liability 95,181 - 95,181
Total other income (expenses) 92,084 (103,143 ) (1,210,215 )
Net loss before income taxes (11,390 ) (279,492 ) (2,133,513 )
Income taxes - - -
Net Loss $ (11,390 ) $ (279,492 ) $ (2,133,513 )
Earnings (loss) per share;
Basic $ (0.001 ) $ (0.003 ) $ (0.024 )
Weighted average number of shares outstanding 1,083,661,783 111,070,482 90,292,030
The accompanying notes are an integral part of these unaudited financial statements.
Hopefully it is good.
The cap was $917,000
Share price. .0002
The amount of shares
4,850,000,000.00
As shares 917,000.00_.0002=4,850,000,000.00
PLKD Stock, Pleasant Kids Inc.The penny stock of Pleasant Kids Inc. (PLKD) is is plagued with toxic debt which stems back as far as League Now Holdings Corporation when all liabilities except for the $75,000 Asher Enterprises lent them was removed. Becoming New York Bagel Deli, Inc. (NYBD) didn’t help matters since they too left the Asher convertible notes when the switch to becoming a supplier of naturally balanced alkalized spring water, “healthy water” and all natural apple juice for children took place in September, 2013. Now that the 10-K is filed and, for the first time since the inception of the shell, revenues have been booked, revisiting PLKD stock before the end of the week could spell sub-penny profits unlike most others.In December, Pleasant Kids announced that their water product was now available at 3 7-11 locations in Central Florida within a metaphorical stones throw away from the gates of Disney World. The additions may sound “ehhh” to many, but the significance of their “Product Locator” showing how you can have access to their line at the two Miami Children’s Hospital locations in Miami and Miramar speaks volumes for how approved this line could soon evolve into.
Although PLKD stock has already bounced well of it’s lows set in the beginning of December last year, 0.0001, the reporting of revenues, the first ever, could be the boost needed to bring in some confident buying. $5,246 worth of revenues for the 3 months ended September 30, 2014, the fiscal year end, have finally notched an amount on the top line, the first ever since the inception, July 15, 2013. While it may be an amount far from what is needed to produce gross profit before the annual salaries Robert Rico, President/CEO, and Calvin Lewis, Vice President, get paid, $175,000 and $150,000, respectively, it’s a baby step in the right direction.
Another foot forward to rebuilding some investor confidence was the announcement that the total authorized shares were to be reduced from 10 billion to 5 billion which would virtually make PLKD stock fully diluted at its current stage. Assuming sales from their online portal can increase significantly over the course of fiscal 2015, the authorized share buyback program which is based on 10% of the sales of their apple juice and water products through their online store, could further help PLKD stock stay away from their 0.0001 low.
All notes payable issued prior to May 7, 2014 all have a current balance of $0 – another superb sign since Asher Enterprises, Inc., Redwood Management, LLC, JMJ Financial, and LG Capital Funding, LLC have been paid off. Since then though, KBM WORLDWIDE, Inc. and LG Capital Funding, LLC have been tapped for funds and, as of September 30, 2014, were due a total of $159,500.
PLKD had a rough 2014 mainly since, during the course of the fiscal year, the Company issued 3,176,946,873 shares for the conversion and reduction of $583,000 in convertible debt and $39,122 of accrued interest as well as another 150,000,000 shares for cash of $52,998. With hardly anything left to give out and the announcement of the acquisition of their own water source and bottling facility, PLKD stock could see a pleasant run upwards as the kids slowly make their way back to school. And
Bottom line
PLKD has been a wonderful penny stock to have been involved with assuming you gobbled up some of the 0.0001 shares when they trended between there and 0.0002 range prior to December. With their 10-K out and being scanned this morning, seeing PLKD stock break past their 0.0008 resistance would be the bullish move needed for most to jump on board. Yesterday’s surge of volume is indicative of a move coming today.
Haven't seen it.
Fyi .... Rico did post the 10k at 5:27 pm like he said he would.
EDGAR ONLINE - (EDG = 10Q, 10K)
10-K: PLEASANT KIDS, INC.
By
Published: Jan 7, 2015 5:27 p.m. ET
SHARE
(EDGAR Online via COMTEX) -- ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
Overview
The following discussion and analysis of the results of operations and financial condition of Pleasant Kids, Inc (Formerly NYBD Holding, Inc) should be read in conjunction with the Selected Combined Financial Data, Pleasant Kid's financial statements, and the notes to those financial statements that are included elsewhere in this Form 10-K.
On September 20, 2013, the Company entered into a share exchange agreement with Pleasant Kids, Inc. whereby the Company issued 10,000,000 preferred shares and 1,000 common shares for all of the outstanding shares of Pleasant Kids, Inc. As a result of the share exchange, Pleasant Kids, Inc. became the surviving Company. For accounting purposes, the share exchange agreement was treated as a reverse merger whereby the historical financial information presented will be that solely of Pleasant Kids, Inc. Therefore, there is no prior year comparative financial information presented for the year ended September 30, 2013 as the Company was not incorporated till July 15, 2013 under the laws of the State of Florida.
The following tables set forth key components of our results of operations for the periods indicated, in dollars and key components of our revenue for the period indicated, in dollars. The discussion following the table is based on these results.
Pleasant Kids, Inc. Year Ended Year Ended Statement of Operations 30-Sep-14 30-Sep-13 Revenue 5,246 - Cost of Goods Sold 10,164 - General & Administrative 313,094 91,935 Officers Compensation 385,962 22,445 Profit/(Loss) from Operations (703,974 ) (114,380 ) Other Income or (Loss) 130,224 (1,432,523 ) Net Loss Before Taxes (573,750 ) (1,546,903 ) Income Tax 0 0 Net Loss (573,750 ) (1,546,903 ) Net Loss Per Share (.0005 ) (.02 )
Current Report Filing (8-k)
Source: Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Act of 1934
December 22, 2014
(Date of Report)
PLEASANT KIDS, INC.
(Exact Name of Registrant as Specified in its Charter)
Florida 333-148987 20-35337265
(State or other jurisdiction
of incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
2600 West Olive Ave. 5F, Burbank, CA 91505
(Address of principal executive offices)
Registrant's telephone number, including area code: (855) 710-KIDS
(Former name or former address, if changed since last report)
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:
? Written communications pursuant to Rule 425 under the Securities Act
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
SECTION 8. OTHER EVENTS
ITEM 8.01 (a) OTHER EVENTS.
On November 28, 2014, the Company authorized a BUYBACK program. From January 1, 2015 to December 31, 2015 the Company will use 10% of revenues to buy back shares of its common stock. These shares will then be retired.
On December 9, 2014, the Company decreased the authorized number of shares of Common Stock from 10,000,000,000 to 5,000,000,000. The reduction is based on the Company’s assessment that less shares will be issued in the coming months.
2
SIGNATURES
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.
Dated: December 23, 2014
PLEASANT KIDS, INC.
By: /s/ Robert Rico
Robert Rico
Mcd will be out of the running .
At the very end of the video . It said coming to super markets near you.
Pleasant Kids Inc. (PLKD) Announces the Reduction to Our Authorized Shares and the Availability of Our Products at 7-Eleven F...
FORT LAUDERDALE, Fla., Dec. 4, 2014 /PRNewswire/ -- Pleasant Kids, Inc. (OTCMARKETS:PLKD) is pleased to announce today that the Board of Directors has approved and we have filed an amendment to our Articles of Incorporation with the Florida Secretary of State for a reduction to our authorized shares. The amount of our authorized shares will change from 10 Billion to 5 Billion shares of its authorized common stock. The change will be effective upon the completion of processing by the Florida SOS within the next 10 days.
Per Robert Rico, CEO of Pleasant Kids Inc, "We are aggressively pursuing improvements to our share structure. It is our intent to restore shareholder value and build confidence in the growing of our brand. Our goal is to continue to reduce the authorized shares as well as our outstanding shares. We have set our sights high as it is our intent to reduce our share structure by at least 500 million to 1 billion shares by the end of 2015. We will reduce and retire shares on a monthly basis throughout 2015 and will post the results accordingly."
Pleasant Kids is proud to announce that our journey to Orlando was very productive and that our water is available in the following 7-Eleven locations:
1. 20073 US 19 N
Clearwater, Florida 33764
2. 1350 N. Mills Avenue
Orlando, Florida 32803
3.11750 Narcossee Rd
Orlando, Florida 32832
We are adding these and additional locations to our Product locator on www.Pleasantkids.com
We would like to thank C & B International as well as the 7-Eleven franchisees for the opportunity to have our products available at your locations and look forward to a long and prosperous relationship. Additional stores are being added and deliveries are being made as we continue to build and grow our brand. We have lots of great things happening and look forward to updating our shareholders just as so as we are able.
Whats Next...
***We are seeking distributors for our products. Interested parties should contact us at robertpleasantkids@gmail.com
*** We are offering our all natural apple juice product on a buy 2 get 1 free sale throughout the month of December. Order online at www.pleasant kids .com and as always free shipping.
About Pleasant Kids Inc.
Headquartered in Fort Lauderdale, FL, Pleasant Kids is America's premier supplier of naturally balanced alkalized spring water, "healthy water" and all natural apple juice for children. The company features copyrighted mascot characters along with our national "Where Healthy Begins" campaign promotes a healthy lifestyle and educates children on the benefits of our products. Additionally, all the products are eco-friendly, BPA free, Non-toxic, No Bisphenol A, and No Phthalates. Pleasant Kids Inc. owns and operates Pleasant Kids EXTRA, Inc. EXTRA manages the intellectual copyrights to the characters and makes them available for select and limited business development, sponsorship opportunities and licensing deals.
Here is l2
Thank you for the info.