Sunday, October 05, 2014 11:06:02 PM
NOTE 9 – SUBSEQUENT EVENTS;
9a. September 19th, 2014; CAPITAL STOCK CREATION EVENT; $2.50 PAR VALUE
CLASS “B” PREFERRED
On September 19th, 2014 the Board passed resolutions and charged the CEO with the
responsibility of establishing a “CLASS B PREFERRED” with a $2.50 PAR VALUE. He was
further instructed to amend the articles of incorporation and bylaws of the Company to reflect the
new Preferred B, its designated rights, as well as authorizing the issuance, 10,000,000 shares of
the class.
The Board stated that the $2.50 Par Value Class B Preferred will be used for multiple strategies
including;
1 Equity currency for planned reverse asset and or acquisition/merger activities;
2 Planned debt swaps for a number of planned nonaffiliated corporate investments;
3 NYSE Alternext Exchange; Equity leverage for new exchange qualification standards required
for a listing upgrade;
4 Cash dividends disbursement;
5 Trading Exchange Platform; Employment Stock Participation Compensation Package for new
Executive Officers;
9b. September 19th
, 2014; CEO TO CONVERT $427,359 PERSONAL DEBT TO $2.50
PAR VALUE CLASS “B” PREFERRED;
On September 19th, 2014 the Board approved Resolutions requested by the CEO authorizing him
to convert $427,359 of his affiliated debt to the newly created $2.50 Par Value Class “B”
Preferred.
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