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Monday, April 24, 2017 7:09:34 AM
Directly from the last quarterly report:
James McFadden was appointed as the new President and CEO of the AMLH on May 6, 2016. In an integral part of the share exchange agreement entered in on May 6, 2016, the controlling shareholders of AMLH (Wroblewski Oil and Gas, Inc. or “WOGC”)) relinquished 399,987,448 of their shares in AMLH to James McFadden. In addition, Mr. McFadden received 175,012,552 in restricted common stock issued directly from AMLH’s treasury. The stock was valued at $.0025 a share based on the closing bid price on May 6, 2016 and was recorded as Officer’s Compensation. Therefore, the total stock received by Mr. McFadden was 575,000,000 restricted common shares of AMLH, or approximately 65.34% of the outstanding stock at the time of transaction. Mr. McFadden received these shares as a signing bonus and as advanced compensation for his service contract with the Company.
The 65% was actually restricted and based on the OS it is no longer 65%, the old management most likely gave those restricted shares to GG Medias founders!
Means we are going to bank because I'm sure Christian Bishop wants to get paid too!
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