In the filing, did you notice the not so subtle gifting of 30 million more shares to Eastern Rim Funds Inc. (a company owned by Robert Federowicz/Kathleen Delaney)?
Follow the sequence of events:
1. From the 10K on March 27 Eastern Rim Funds Inc. owned 22 million shares.
2. On May 19, the new CEO from Central Casting/Rent-a-CEO was announced.
3. On May 21, the quarterly report showed 68.4 million shares outstanding.
4. This Pre-14C filing on June 3 shows that as of May 27 (six days after the new puppet CEO is hired), that Eastern Rim Funds Inc. was gifted an additional 30 million shares to bring their ownership up to 52 million (pre-split), increasing the total outstanding to 98.4 million.
5. Simultaneously reverse split by 1/300 to hide this transaction as "only" 100,000 shares.
Glaring question for the new deer-in-the-headlights CEO - what exactly did Eastern Rim Funds Inc. do to earn these 30 million gifted shares?!?
