8K is out. Wayne getting shares at .001, not much lower than where we are now.
At least they go to him and not some "finance company".
IMO
On April 2, 2014, the Board of Directors authorized and approved an amendment to the Designation, which increased the number of shares of Series A Preferred Stock to 20,000,000 shares. The Amendment to Designation was filed with the Nevada Secretary of State on April 4, 2014 (the "Amendment to Designation").
On April 4, 2014, the Board of Directors authorized the further issuance of an aggregate 10,000,000 shares of Series A Preferred Stock at a per share price of $0.001 to Mr. Irving. The Board of Directors authorized the issuance of the aggregate 20,000,000 shares of Series A Preferred Stock to Mr. Irving based upon recognition of the outstanding services, leadership and innovative business operational strategies provided by Mr. Irving and his continuous dedication and loyalty to the Company, in light of non-payment for the past two fiscal years of any cash remuneration by the Company to Mr. Irving for this continued executive services.
The 20,000,000 shares were issued at a per share price of $0.001. The shares of preferred stock were issued to Mr. Irving as a United States resident in reliance on Section 4(2) promulgated under the United States Securities Act of 1933, as amended (the "Securities Act"). Neither the shares of preferred stock nor the underlying shares of common stock hve been registered under the Securities Act or under any state securities laws and may not be offered or sold without registration with the United States Securities and Exchange Commission or an applicable exemption from the registration requirements. Mr. Irving acknowledged that the securities to be issued have not been registered under the Securities Act, that he understood the economic risk of an investment in the securities, and that he had the opportunity to ask questions of and receive answers from the Company's management concerning any and all matters related to acquisition of the securities.
All post are "IN MY OPINION" and should not be used as investment advice.
