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Re: $hellKing post# 11

Tuesday, 02/14/2017 8:57:37 AM

Tuesday, February 14, 2017 8:57:37 AM

Post# of 37
He should have just kept it the way it was in the original material agreement, where he did the small 2:1 reverse split on the existing then got issued 50M shares post merger.

Not do a big reverse split now when he holds like 97% of the outstanding shares, that's stupid. They are the ones that revised the original material agreement to have them getting 116M rather than 50M in the first place.

Like you say he could just retire shares rather then doing a big reverse split, that would be better.

In conjunction with the Acquisition, we would reverse split our issued and outstanding shares of common stock on a 2 for 1 basis, leaving 11,862,500 shares issued and outstanding. On closing, our Chief Executive Officer, Mr. Kwok Leung Lee would deliver 10,060,000 shares of post-split common stock and the Company would issue 50,000,000 shares of common stock to the shareholders of Zeecol in consideration of the acquisition of Zeecol. In consideration, Zeecol will, among things, assume the legal and audit costs of bringing our filings with the Securities and Exchange Commission current. At closing, Zeecol would issue a convertible note to Mr. Lee in the principal amount of $300,000, of which $50,000 will be payable to eliminate certain legal fees due from the Company. In addition, the currently outstanding shares of Series A Preferred Stock of the Company owned by Mr. Lee will be amended to add a conversion feature, the terms of which will be negotiated in connection with the definitive agreements. At closing, the current officers and directors of the Company will resign and be replaced by persons designated by Zeecol.


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