Tuesday, April 03, 2018 8:01:08 PM
Originally the 500,000,000 spin out shares issued to StreetBeatz Entertainment were split up as follows:
50,000,000 to William Coogan (a principal of StreetBeatz) and 450,000,000 shares to StreetBeatz Entertainment.
With only 3,146,794,450 shares outstanding those 500,000,000 shares would have made up 15.9% of the O/S.
As a 15.9% owner StreetBeatz Entertainment would be an affiliate and beneficial owner putting restrictions on that stock beyond just a holding period.
The new filing further split up those shares as follows:
https://backend.otcmarkets.com/otcapi/company/financial-report/190140/content
50,000,000 to William Coogan (a principal of StreetBeatz)
250,000,000 to StreetBeatz Entertainment
200,000,000 to Biznet Worldwide
Biznet Worldwide is controlled by Richard Papaleo
http://search.sunbiz.org/Inquiry/corporationsearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=BIZNETWORLDWIDEVENTURES%20P110000692190&aggregateId=domp-p11000069219-37f791bd-98ac-451b-8047-710ae9e9f520&searchTerm=biznet%20worldwide&listNameOrder=BIZNETWORLDWIDE%20L100000346760
As you can see Richard Papaleo is the other principal involved in StreetBeatz Entertainment with William Coogan
http://search.sunbiz.org/Inquiry/corporationsearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=STREETBEATZENTMEDIAGROUP%20P150000196600&aggregateId=domp-p15000019660-f3ecaad0-4041-4ffc-8776-2b99ce691f07&searchTerm=Streetbeatz&listNameOrder=STREETBEATZ%20P060000575370
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