That is a Nevada corporation. I don't think you can do a distribution to a select portion of a class of securities.
Through "a" Transfer Agent? Not "the" transfer agent? Notice I did not capitalize "Transfer Agent".
If you are issued stock by the issuer, why do you need to show a "processed cheque"?
How are they "removing" the debt? Just erasing it? Did they call the creditor and let them know? Secondly, if the issuer is effectuating a distribution that is dilutive, how can it protect shareholders from losses they "incurred"?
Further, if this anti-dilutive stock distribution protects shareholders from future dilution, how could this possibly "attract new equity"?
Who is the idiot that comes up with this junk?
First thing is, I would look into NRS 78 and see if they in fact can actually do a distribution to a select group of the same class of securities. Because I dont think you can.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.