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Re: Dragnet post# 68629

Monday, 02/22/2016 7:20:11 PM

Monday, February 22, 2016 7:20:11 PM

Post# of 100762
The rats are fighting over the scraps:

10. Subsequent Events

On January 22, 2016, the Company filed an Information and Disclosure Statement for the Period Ended December 31, 2015 disclosing the terms of the Series C preferred stock that was issued to Roy Meadows in exchange for his convertible debt on November 16, 2015. In that filing, the Company listed Roy Meadows as a Control Person since he owns 100% of the outstanding shares of Series C preferred stock and converted over 10% of common stock from his convertible debt.

Since that filing, Mr.Meadows has issued demand letters to the Company claiming the Company violated the term of his exchange agreement by naming him a Control Person. The Company does not agree with Mr. Meadow’s position.

The sudden departures become clear...

"Rich people don't buy penny stocks. They're too smart."
-Jordan Belfort, "Wolf of Wall Street"