Just the first ATM Withdrawal. PFWI CEO didn't' pull this number out of his Arse like he did New BOD Lorraine Yarde and Company...
NOTICE OF STOCKHOLDER ACTION BY WRITTEN CONSENT
On July 12, 2017, the board of directors of Petrone Worldwide, Inc. (“Petrone”) and a stockholder holding a majority of Petrone’s voting power took action by written consent to approve the following action:
· Approve an amendment to our articles of incorporation, as amended (the “Articles”), to increase our authorized capital stock from 910,000,000 to 2,510,000,000 shares, of which 2,500,000,000 will be common stock and 10,000,000 will be preferred stock (the “Amendment”).
The Problem: FAILURE by a CEO in PENNYLAND, is not only an Acceptable Practice, it REWARDS a CEO... It's much EASIER for CEO to make money selling Company shares, than Build a Company.