as i said before
as per the following Danny owns at least 66.82% of the company-so I dont know what the board could possibly be thinking
this means that despite whatever board struggles are occurring Danny, absent some strange legal actions that somehow nullified his shares for compensation,would win in the long run.
Shareholder meetings can usually be called w a majority of the shares-and w the voting power of Dannys shares,he could remove anybody he wanted at such meeting.
Something the board apparently is already scrambling to try to prevent-but its unlikely any opposition will hold onto their positions -majority shares rules
remember the old saying, "49% of the shares are worth whatever 51% of the shares decides the 49% are worth
5-Sep-2014
Entry into a Material Definitive Agreement, Completion of Acquisition or
Item 1.01 Entry into a Material Definitive Agreement.
On June 19, 2014, OBJ Enterprises, Inc. (the "Company") entered into a share exchange agreement (the "Share ExchangeAgreement") with Great Outdoors, LLC, a Delaware limited liability company ("GO") and My GO Games, LLC, a Minnesota limited liability company ("MGG"), pursuant to which the Company issued 50,323,526 shares of its common stock (the "Exchange Shares") for all of the issued and outstanding membership interests of MGG held by GO (the "Share Exchange"). Prior to the Share Exchange MGG was owned 20% by the Company and 80% by GO.
GO is owned 100% by Daniel Hammett a director of the Company and following the closing of the Share Exchange, the Company's Chief Executive Officer.
Following the closing of the Share Exchange on June 19, 2014, MGG became a wholly-owned subsidiary of the Company and GO acquired 66.82% of the Company's issued and outstanding shares of common stock. The Share Exchange requires the Company to amend its articles of incorporation to (i) increase the total number of shares of common stock that the Company has authority to issue to 250,000,000 shares of common stock, par value $0.0001 (the "Authorized Share Increase");
later it says Danny has options which would give him 78.88% of the company.
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
