Shares were increased to avoid hostile takeover and pay off debts.
Our authorized and unissued shares could possibly be used by management to oppose a hostile takeover attempt, delay or prevent changes of
control, or changes in or removal of management.
(1) Comprised of: approximately 371,666,667 shares for ADAR BAYS, LLC upon conversion of 55,000 of debt.
approximately 392,733,000 shares for EMA Financial, LLC upon conversion of $59,000 of debt.
approximately 346,666,667 shares for LG Capital Funding LLC upon conversion of $52,000 of debt.
approximately 378,661,467 shares for Typenex CoInvest, LLC upon conversion of $57,000 of debt.
approximately 406,513,333 shares for Vista Capital Investments, LLC upon conversion of $61,000 of debt.
approximately 234,952,400 shares for Cardinal Capital Group, Inc. upon conversion of $35,000 of debt.
approximately 170,064,400 shares for JMJ Financial upon conversion of $26,000 of debt.
approximately 650,000,000 shares for Union Capital upon conversion of $97,500 of debt.
Our authorized and unissued shares could possibly be used by management to oppose a hostile takeover attempt, delay or prevent changs of control, or changes in or removal of management.
This could include transactions that are favored by a majority of stockholders, or in which the stockholders might otherwise receive a premium for their shares over then-current market price, or benefit stockholders in some other
manner. Tender offers or other non-open market acquisitions of stock are usually made at prices above the prevailing market price. In
addition, acquisitions of stock by persons attempting to acquire control through market purchases may cause the market price of the stock to
reach levels that are higher than would otherwise be the case.
The available authorized and unissued shares of common stock gives the company the ability to cause a potential anti-takeover effect by
creating potential dilution to the number of outstanding shares. Such dilution will cause a party attempting a takeover to be required to buy
more shares of the company stock and to expend additional resources to accomplish a takeover
Nothing I state is intended to be a recommendation to buy or sell, opinion only. Readers are solely responsible for how they use the information.
