American Leisure Holdings Inc (AMLH)

[samsamsamiam]

Just getting started on this one.
While there are some darling pics of the new CEO - I can't help but feel he is going to be taken advantage of.
And won't be making it to the final rounds.

Specifically this detail found in a PPPI filing. Is it just a coincidence the restrictions on these shares would be coming off a year later - like about now?

http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=162844

REI decided to instantly assign all of the stock of DIGA to AMLH upon Mr. McFadden agreeing to become the president of AMLH due to his extensive experience in the industry and value added to the Company and also in exchange for the Company’s commitment to enter a new license with REI. 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 $.0042 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. Mr. McFadden received these shares as a signing bonus and as advanced compensation for his service contract with the Company.
As part of the Share Exchange Agreement entered in on May 6, 2016, AMLH Issued a $76,350 Convertible Promissory Note to Wroblewski Oil and Gas Company Inc. in a separate transaction for costs and services related to the share exchange and as consideration for the transfer of 30,000,000 common shares back to the treasury of the Company.


I'll be back after a closer look.

Have they raised the A/S yet?