What does anyone make of this??
APRIL 17TH, 2014; CEO $80,000 Debt to Common Equity Conversion;
On April 17th 2014, the CEO converted $80,000.00 of the debt owed to him by the Company for 8,000,000,000 shares of un-registered restricted common stock.
SEPTEMBER 19th, 2014; Debt to Equity Issuance Resolution; 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 debt owed to him by the Company to the newly created $2.50 Par Value Class “B” Preferred.
On September 30, 2014, the CEO of the Company surrendered for voluntary cancellation 675,000,000 shares of common stock of the Company. This was recorded as an increase in additional paid up capital in the amount of $ 6,750.
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 being retained in conjunction with new project/acquisition;
