Friday, June 09, 2017 1:19:16 PM
Interloc-Kings is Roger Mortimer's baby. He owned 100% of this company.
In 2013 via a reverse acquisition, Interloc-Kings was acquired by AMFE for 350 million shares of common stock which represented 55% of the O/S, making Roger (100% owner of I-Kings) majority shareholder. Thus making I-Kings the wholly owned operating subsidiary.
In March of 2017, AMFE retired those 350 million common shares from the A/S and converted them into preferred shares for Roger, which was a fantastic move and helped bring value to the common shareholder via the newly structured A/S.
All of this is in AMFE's filings on otcmarkets.com.
If you go to May 7, 2017 quarterly filings, you can discover all of this first hand on page 14 and 16 of this report.
Hope this helps you understand where I-Kings fits into all of this.
Go AMFE
Rec
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