SoOum Corp. (fka SOUM)

[dustywest]

Last SEC Filing Reveals ...Period Ending *06/30/2015

*Now 12 Months in rears for reporting.

See
The company reported the following information that was sworn to be accurate by;
The information contained in such Amended Quarterly Report on Form 10-Q/A for the quarter ending June 30, 2015, fairly presents, in all material respects, the financial condition and results of operations of the Company.
Dated: September 8, 2015
Swordfish Financial, Inc.

By /s/ Ronald Vega
Ronald Vega

Summary of report see full report at this link;
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10901887






Additional Documents
SOOUM-OfferingMemor.pdf

http://swrfownersus.homestead.com/SOOUM-OfferingMemor.pdf

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2015 Net Income (Loss) for the Period

$ < 9,952,040 >

NOTE E – Going Concern ...
The Company has reported recurring losses from operations. As a result, there is an accumulated deficit of $16,181,577 at June 30, 2015

NOTE F – Term Notes Payable

The Company is in default on all of the following unsecured term notes payable. Thru June 2015

Total Notes Payable
$ 441,421

NOTE I – Stockholders’ Equity

Preferred Stock
The Company is authorized to issue up to 50,000,000 shares of preferred stock, $0.0001 par value (“Preferred Stock”), which is convertible to common at 10 to 1. The Board of Directors authorized to fix the designations, rights, preferences, powers and limitations of each series of Preferred Stock. The Company’s prior CEO, Clark Ortiz currently holds 25,000,000 shares of the Company’s preferred stock.

On September 26, 2014 the Board of Directors authorized an amendment to the articles of incorporation to authorize 10,000,000 shares each preferred stock class B and class C. These shares have a $.0001 par value, have voting rights of 1,000 to 1 and are convertible to common at 1,000 to 1 and 10,000 to 1 respectively.

Common Stock
On March 25, 2014 the Company amended their authorized Common Stock to 5,000,000,000 shares from 1,000,000,000 shares.

On March 21, 2014 the Company resolved to adopt the 2014 Incentive Stock Option and Restricted Stock Plan. The purpose of this Plan is to provide a means by which eligible recipients may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following: (i) Incentive Stock Options, (ii) Nonqualified Stock Options, (iii) rights to acquire restricted stock, and (iv) stock appreciation rights. Eligible Award recipients are the employees, directors and consultants of the Company and its Affiliates. The Company also seeks to retain the services of the group of persons eligible to receive Awards, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. 450,000,000 shares of common stock are registered to this plan at an offering price of $0.001. The Plan shall expire on March 20, 2024.