Soupman Inc. (fka SOUPQ)

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Whenever you see Mr. Danoo Noor show up, you can bet you will see dilution. We can see that Danoo Noor was a former Director, recently resigned. But he was barred from the securities industry in 2003 and being involved in public companies as a corporate officer. How did he become a Director in the first place.

SEC on Dano Noor: http://brokercheck.finra.org/Individual/2202306


to approve an amendment to our Certificate of Incorporation (the “Amendment”) to increase the number of authorized shares of common stock from 75,000,000 to 500,000,000 shares and preferred stock from 25,000,000 to 50,000,000 and;


Where there is smoke, there is fire. Do not be surprised to see a stock promotion here to pump SOUP to get the volume for debtholders that can convert into stock to get out. This John Corso is a new debtholder--so you should see him get shares soon.


And here it is. WARNING!

"On January 15, we had convertible debt in outstanding principal and interest balance of $1,381,472 convertible into shares of common stock at $0.04 per share. In addition, our Series A preferred shares converts into shares of common stock at a rate of one (1) share of common stock for each share of preferred stock, our Series B preferred shares convert into common stock at a rate of ten (10) shares of common stock for each preferred share of stock and our Series C preferred shares, issued on January 15, 2016 convert into common stock at a rate of twenty (20) shares of common stock for each preferred share of stock. Using the January 15, 2016 numbers, if all of the Company’s outstanding debt, warrants and all of our preferred stock were to convert to common stock, we would be required to issue approximately an additional 350,930,902 shares, which would exceed the number of shares currently available for issuance (even when including the existing “reserves” for certain convertible notes). The Board of Directors of directors believes that it is in Soupman's and Soupman's shareholders' best interests to authorize it to increase the availability of additional authorized but unissued capital stock to enable Soupman to promptly take advantage of market conditions and the availability of favorable opportunities to enable it to meet any obligations it may have to issue shares of common stock. The Board of Directors of directors has no immediate plans, understandings, agreements or commitments for issuances of stock other than upon conversion of existing securities; however, if an opportunity should present itself, we may issue shares of common stock or preferred stock in connection therewith."

Danoo Noor strikes again! Star Scientific went the same way when he got involved there too. No wonder he was barred from the securities industry.