Friday, January 23, 2015 4:52:16 PM
James Powell is now in control of
that co. Seems he has moved on.
ITEM 5.01 CHANGES IN CONTROL OF REGISTRANT
The information set forth and incorporated by reference in Items 1.01 and 3.02 of this Current Report on Form 8-K is incorporated by reference into this Item 5.01.
Identity of the person who acquired control; date and description of the transaction; and basis of control
James Powell is the sole director and officer of Rancho, which acquired control of the Companyon January 13, 2015. Control of the Company resulted fromthe conversion of the Indebtedness to 1,000 shares of the Company ’ s Series B Voting Preferred Stock, as specified in Items 1.01 and 3.02 of this Current Report on Form 8-K.
Percentage of Voting Securities of the Company
On January 13, 2015, the Company ’ s total issued and outstanding shares of common stock was 6,402,841,204.
Rancho, as the sole holder of the 1,000authorized, issued and outstanding shares of Series B Voting Preferred Stock, holds voting power equal to99% of the Company ’ s voting securities.
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