InvestorsHub Logo
Followers 318
Posts 16326
Boards Moderated 2
Alias Born 09/05/2009

Re: MadeBucksOnThis post# 2

Tuesday, 02/27/2018 1:24:15 PM

Tuesday, February 27, 2018 1:24:15 PM

Post# of 141
8 K change of control and new business model

https://backend.otcmarkets.com/otcapi/company/sec-filings/12514999/content/html

Item 5.01 Changes in Control of Registrant.


As a result of the issuance of the shares of Company common stock to Brent Willson and Steve Bond pursuant to the employment agreements described in Item 5.02, which is incorporated herein by reference, Col. Willson and Mr. Bond own 62.3% and 20.8%, respectively, of the Company issued and outstanding shares of common stock. The foregoing assumes that the Company does not exercise its repurchase rights set forth in the employment agreements.


The Company’s new subsidiary, Power Blockchain, is a start-up venture that specializes in blockchain mining for the Bitcoin network, the computer intensive process required to verify and record the digital exchange of money for crypto-currency transactions. In exchange for processing these complex mathematical equations, Power Blockchain will be rewarded with digital currency. Power Blockchain has yet to commence meaningful operations, and will require new capital investment to execute upon its business strategy.




Pre 14C

https://backend.otcmarkets.com/otcapi/company/sec-filings/12564259/content/html

This Information Statement is being furnished, to the holders (the “ Stockholders ”) of common stock, par value $0.001 per share (the “ Common Stock ”), of Holly Brothers Pictures, Inc., a Nevada corporation (the “ Company ”), to notify the Stockholders that on February 16, 2018, the Company received a majority written consent in lieu of a meeting of the holders (“ Majority Stockholders ”), together holding in the aggregate more than a majority of the total voting power of all issued and outstanding voting capital of the Company. The Majority Stockholders authorized the following actions (the “ Actions ”):


·
To amend the Company ’ s articles of incorporation (the “ Articles of Incorporation ” ) to change the name of the Company from Holly Brothers Pictures, Inc. to Power Blockchain, Inc. (the “ Name Change ” ).

·
To amend the Company ’ s Articles of Incorporation to authorize for future issuances undesignated or “ blank check ” preferred stock (the “ Preferred Stock Authorization ” ).

·
To amend the Company ’ s Articles of Incorporation to add customary indemnification and elimination of personal liability provisions for the Company ’ s directors, officers and certain other parties for whom such indemnification and elimination of personal liability is typically provided for by corporations organized under Nevada law (the “ Indemnification Authorization ” ).

·
The adoption of the Company ’ s amended and restated articles of incorporation, which makes no material changes to the existing Articles of Incorporation, other than incorporating the amendments described above.

·
To approve adoption of the Company ’ s new 2018 Stock Plan ( “ 2018 Stock Plan ”) providing for a total of 1,000,000 authorized shares of Common Stock to be issued under the 2018 Stock Plan (the “ Adoption of 2018 Stock Plan ”).


Adding here...MBOT

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent RTSL News