If it wasn’t for the deleted tweets...
That was the excuse last August...
We have terminated our previous 3(a)10 agreement with Northbridge, severing our relationship with that group. We believe they have liquidated their positions.
Didn’t hear of CF3 until quarterly in finally filed in January
The company increased its authorized shares to 10 Billion, then issued the 4,700,000,000 control restricted common shares to Ricky Bernard.
The company entered into a settlement agreement with Northbridge Financial to restructure the company debt through a 3(a)10 lawsuit that was filed by Northbridge, in which Northbridge received stock in exchange for the debt.
The $810,00 debt was incurred as a result of the acquisition of United Ambulance, LLC.
The company mutually terminated its 3(a)10 settlement agreement with Northbridge Financial and entered into a settlement with CF3 Enterprises, LLC a New York private equity firm that acquired the company’s total outstanding debt of $1,455,000 through a 3(a)10 settlement..
Then again in April of this year
Northbridge Financial was owed $756,000 under the 3(a)10 settlement as of 4/09/18 the balance will have decreased to $648,000 based upon pay down of the outstanding debt in the amount of $108,000.
Northbridge has received a total 330,400,000 shares in conversions of the total debt owed to them, which included $40,000 of debt and settlement shares.
Northbridge Financial has a leak out provision of 50 Million shares per day and is further limited by their clearing firm to trading restrictions of 3 days per week.
We have had to increase our authorized shares from 10 Billion to 20 Billion to meet with our obligations under the 3(a)10 reserve agreements with CF3 Enterprises and Northbridge.
We just filed an amendment to the articles of incorporation increasing the authorized shares. Northbridge has a reserve requirement of 5 Billion shares and CF3 has a reserve requirement of 3 Billion shares.
So are they reducing the A/S and changing their name along with their website along with that ?
Now that would be some news to move on... A/S cut in half due to dismissal of Northbridge debt!!!
Float 2,424,655,983 03/28/2018 website
Float 3,224,655,983 04/10/2018 otcmarket
Hell that would even knock the float back down... 10bil, 4.7bil restricted to Ricky, 3bil restricted to CF3, believe there was 40mil restricted to a vendor that’s makes it roughly 2,260,000,000 which is better than the recent increase of 800mil shares.
