InvestorsHub Logo
Followers 26
Posts 4884
Boards Moderated 0
Alias Born 01/26/2017

Re: None

Thursday, 04/19/2018 3:47:40 PM

Thursday, April 19, 2018 3:47:40 PM

Post# of 6938
Delta International has submitted a withdrawal/dissolution for their business in the state of Arizona, and looks like they are moving it to Colorado:

http://corporations.images.azcc.gov/06075622.pdf

Delta International Oil & Gas, Inc.
ID: 20171708055
Formation Date: 09/22/2017

https://www.sos.state.co.us

Same date as the withdrawal.

Which begs the question... why would Delta International Oil & Gas move their business from Arizona to Colorado?

Colorado Corporation Authorized Shares: There is no minimum or maximum number of authorized shares since state incorporation fees are not based on the share structure.

Arizona Corporation Authorized Shares: The Corporation is authorized to issue a total of 51,000,000 shares, consisting of two classes of stock, designated “Common Stock” and “Preferred Stock.” The total number of shares of Common Stock the Corporation is authorized to issue is 50,000,000, with a par value of $0.0001 per share. The total number of shares of Preferred Stock the Corporation is authorized to issue is 1,000,000, with a par value of $0.0001 per share.

https://www.sec.gov/Archives/edgar/data/1460329/000095014409002785/g18264exv3w1.htm

https://www.lawinc.com/learning-center/colorado-incorporation

Ah ha! Delta International just pulled an American Green move by transferring to a state that has no maximum limit on authorized shares, like when American Green moved from Nevada to Wyoming!

Now ask yourself this, why would Delta International want no limit on the number of shares they can authorize? Only a week after American Green purchased Nipton?

I think you know the answer.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.