Only 2 parts that peeps need to read from the most recent 10k from a company making no money to determine this stock is going nowhere:
(9) Share Based Compensation:
Employment Agreements
The Company has an employment agreement with Michael Barron, the CEO of the Company, which provides for an annual salary of $250,000. His employment agreement provides that if we terminate him without cause, he is entitled to receive a lump sum payment equal to twice his annual salary plus the present value of a
performance bonus computed on the basis that we achieve all of our performance targets. Mr. Barron's employment agreement commenced as of December 15, 2017.
The Company has an employment agreement with Wanda Witoslawski which requires her to perform the duties of Chief Financial Officer and Treasurer of the Company for the duration of the employment agreement. During the term of this Agreement, the Company agrees to pay Ms. Witoslawski a base salary at the rate of $225,000 per year. Her employment agreement provides that if we terminate her without cause, she is entitled to receive a lump sum payment equal to twice her annual salary plus the present value of a performance bonus computed on the basis that we achieve all of our performance targets. Mrs. Witoslawski's employment agreement commenced as of December 15, 2017.
The Company has an employment agreement with Joseph Cosio-Barron, the President of the Company, which provides for an annual salary of $200,000. His employment agreement provides that if we terminate him without cause, he is entitled to receive a lump sum payment equal to twice his annual salary plus the
present value of a performance bonus computed on the basis that we achieve all of our performance targets. Mr. Cosio-Barron's employment agreement
commenced as of December 15, 2017.
On January 11, 2018, the Company issued 5,000,000 shares of common stock for compensation.
On January 12, 2018, the Company filed an S-1 Registration to register 412,538,466 shares of common stock for future conversions.
On February 8, 2018, the Company entered into a convertible note agreement with Power Up Lending Group LTD for total principal borrowings of $28,000. The
amounts are due nine months after the issuance of the note on November 20, 2018, and bear interest at a rate of 14% per annum. At the option of the debt holder, beginning 180 days after the issuance of the note, the debt holder may convert the outstanding balance of the Note into shares of the Company's common stock at a
conversion rate equal to 51% of the lowest closing trading price during the 30 trading day period prior to the conversion election date.
On March 21, 2018, the Company increased its authorized common stock from 3,000,000,000 to 5,000,000,000 shares.
On March 29, 2018, the Company issued 600,000,000 shares of common stock to employees and directors of the Board for compensation.
