It appears that the company is working on this:
(1) CORPORATE RESTRUCTURING
a) Creating Specific ANTI DILUTIVE Convertible Classes of Preferred Stock for OTC Market & OTCQB Issuers, to protect Management & Stock Holders from Open Market Conditions.
b) Amending the Par Value & Cost of Doing Business as a function of the company's Non Equity.
c) Application & Approval from FINRA for Convertible Preferred Stock Dividend to Stock Holders.
d) Instituting ESOP Plans for Fully Reporting SEC Filers to remove Vendor Debt & pay for the Aforementioned Services.
e) RESULT: MANAGEMENT & INVESTORS PROTECTED FROM OPEN MARKET VOLATILITY AND DILUTION. LIKELY INCREASE OF THE STOCK HOLDERS IN STREET NAME.
(2) DEBT CONSOLIDATION
a) Exchanging the Principal Amount of Related/ Insider/ Affiliate Debt for ANTI DILUTIVE Convertible Preferred Stock, which can be registered through an S1 Filing.
b) Converting the Interest Amount of the Affiliate Debt for Restricted Common Stock @ the amended par value.
c) RESULT: ISSUED CAPITAL INCREASES DRAMATICALLY
d) Assigning the Aged Defaulted Interest Amount of the Non Affiliate Debt to other Non Affiliate Third Parties in exchange for Cash,
e) Original Note Holder & Assignees convert Aged Debt into Stock, through Notices of Conversions & Issuance Resolutions from Issuer.
f) Securities are cleared, sold and settled through a BD Firm thus eliminating the derivative liability from the Issuer's Financial Statements.
g) Principal Amount of Aged Non Affiliate Debt is exchanged for Convertible Preferred Stock.
h) RESULT: ISSUED CAPITAL BALLOONS, DILUTION IN OPEN MARKET & AFFILIATE & NON AFFILIATE DEBT IS CONSOLIDATED. INVESTORS PROTECTED THROUGH THE ISSUANCE OF THE CONVERTIBLE PREFERRED APPROVED BY FINRA.
(3) EQUITY ENHANCEMENT
a) Create Specific Documents using the 4(2) Exemption for PPM & Subscription Agreements for Convertible Preferred Stock.
b) Issuer opens a Brokerage Account with BD Firm with CEO trading for the Account.
c) Issuer purchases Defaulted Interest, Aged Non Affiliate Mature Secured Debt in other Issuers.
d) Converts the Aforementioned Debt through a Notice of Conversion, Legal Opinion, & Issuance Resolution with Corroborating Paperwork into Common Stock which can be booked under US GAAP as MARKETABLE SECURITIES or sold into the open market, which generates RETAINED EARNINGS as Equity.
e) Management Issues Cash Dividends to Themselves through their Preferred Stock
f) Management Pays Cash Dividends, on a quarterly basis, pending FINRA Approval, to its Convertible Preferred Stock Holders.
g) RESULT: ISSUER HAS CASH ON HAND, RETAINED EARNINGS FROM ITS OWN INVESTMENT ACTIVITIES.
(4) ASSET PROCUREMENT
a) Issuer uses it's Convertible Preferred Classes of Stock as Currency to Purchase Private Companies, through FORWARD ACQUISITION AGREEMENTS, that have Assets or EBITDA that can be consolidated on its Financial Statements. It becomes a SPECIAL PURPOSE ACQUISITION COMPANY, a transit point to becoming a Business Development Company.
b) Issuer rolls up other OTC Market or OTCQB Companies as wholly owned subsidiaries, in exchange for the class Convertible Preferred Stock specific to the Acquisition.
c) The Equity, Assets, Intellectual Property, & Future Earnings of the Subsidiary remain the Exclusive Property of the Subsidiary, making it easier to acquire the companies that house the value being consolidated on the Parent company's balance sheet.
d) Issuer makes Investments in other Issuers using its Anti Dilutive Convertible Preferred Stock as Currency to Secure the Transaction, this booking other Issuer's Securities on their own balance sheet.
e) RESULT : EQUITY " UNDER MANAGEMENT " THROUGH CONDENSED CONSOLIDATED FINANCIAL STATEMENTS.
(5) BUSINESS DEVELOPMENT & DISCLOSURE
a) The Non Affiliate Beneficiaries of the Executive Trust retain PCAOB Auditing Firms to complete look back AUDITS on all OTC Market Issuers.
b) Legal Counsel is retained by the Non Affiliate Beneficiaries of the Trust to complete Form 10's with the SEC, so that the Issuer becomes a Fully Reporting SEC Filer, if not otherwise.
c) Arranging for Third Party Evaluation Reports of Impaired Equity so as to meet FASB & SEC Corporate Finance Governance Rules for booking Assets under GAAP
d) Initiating REVERSE SPLITS to $3.00 per share ( minimum) once Equity has been audited and composite value can be quantified on Issuer's Consolidated Financial Statements.
e) Reconstituting Issued Capital Post Reverse by Communicating with Stock Holders to Convert a PRE DETERMINED amount of Preferred Stock into Common Stock to restore Market Capitalization of Issuer.
f) Allow for Securities to Age under Rule 144, or Register a Minimum of 25% of the Issued Capital to Reconstitute the Float in order to meet Distribution Requirements to become Exchange Listed.
g) RESULT: ISSUER COMMUNICATES BETTER WITH STOCK HOLDERS, AND REGULATORS, AS WELL AS MEETING REQUIREMENTS TO BECOME EXCHANGE LISTED.
(6) UPLIST TO EXCHANGE
a) Issuer Files Form N 54 to become a BDC Entity, 1940 Investment Act Company, completing the Transition from Special Purpose Acquisition Company, and Development Stage Company.
b) Issuer Files with NYSE AlterNext to become an Exchange Listed Company, meets the 8 requirements under Standard Three.
c) RESULT: ISSUER CAPABLE OF UNDERWRITING ITS MARKET CAP THROUGH LICENSED FINRA, SIPC MEMBER FIRMS, AS WELL AS LEVERAGING ITS SECURITY THROUGH SBLOC's to finance it's ongoing business operations and create value for the Stock Holders.e.above.
