Wednesday, June 13, 2018 4:58:15 PM
On September 26, 2017 the Company's then President and sole Director, Ralph M. Amato delivered to the Company an aggregate of 66,550,660 shares of the Company's Common Stock and the same were returned to the Company as treasury stock. These shares had been originally issued to the Company's founder, Harshawardham Shetty who also previously resigned. All of the shares were subsequently cancelled. Mr. Amato also then resigned as an officer and director and elected Mr. Ilksen Yesilada as the Company's sole officer and director.
The Company later issued 100,000,000 shares of common stock to certain individuals associated with Mr. Ilksen Yesilada. As of date of this filing, the Company has 160,931,844 shares of common stock issued and outstanding. The Company is still determining the accounting impact of this transaction.
On October 17, 2017, the Company amended its articles of incorporation to change the Company's name to GIFA, Inc. and to decrease the Company's authorized shares of common stock to 500,000,000 and authorized 10,000,000 shares of preferred stock.
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