FBEC. It looks like starting Today Dec 17 2015, the CEOs PR company that was paid $60,000 and 10,000,000 shares can sell 1,000,000 shares a month.
"On June 17, 2015 the Company entered into a Consulting Agreement and Engagement Letter with Midam Ventures, LLC for purposes of providing business advisory services for creating market awareness of the Company’s products within the guidelines and regulations of OTC Markets and the Securities and Exchange Commission. Midam Ventures LLC will be working with the Company’s Investor Relations consultant, John Mattio, President of Lamina International. The term of the agreement is for ten (10) months. In addition to and not in mitigation of, or substitution for, any additional fees enumerated in any services provided, the Company shall issue to Midam Venture LLC consideration of Ten Million (10,000,000) restricted common shares as consideration for the term of this Engagement. The restricted common shares will be issued in 10 equal monthly installments commencing on the date of this agreement and each thirty (30) days thereafter. There is a 6 month maturity restriction at the time the shares are issued, and the current market value of the 10,000,000 restricted common shares is approximately $600,000. Please refer to Exhibit 10.1."
What benefit has Midam brought to the company in the past 6 months out the the 10 month term?
The old CEO didn't think they did much:
"... The $60,000 paid was for additional marketing services for the month of August that were never delivered."
"Finally, FBEC was concerned that Mr. Heimann and Jason Spatafora work together on the Wolf of WeedStreet website other marijuana stock websites, as well as on various investment hubs and chat rooms in promoting WolfShot. FBEC has become concerned with the relationships between Mr. Spatafora, Mr. Heimann, and Mr. Henrie as it relates to FBEC’s legal representation, IR/PR, intellectual property and the licensed private label WolfShot owned by Mr. Heimann and Mr. Spatafora."
"The company has not received the services from Midam Ventures pursuant the paid $60,000 invoice, and could not confirm Mr. Heimann’s employment and educational background. FBEC was concerned that there is a conflict of interest related to Mr. Heimann’s appointment as the COO at the same time of his ownership in Midam Ventures, LLC which is currently the Company’s IR/PR Firm. Refer to Exhibit 10.3, 10.5 and Exhibit 10.6."
