10Q-INSIDER ENRICHMENT SCAM and REVERSE SPLIT FINRA APPROVED!!!
This is a FAILED company, set up to enrich insiders with stock sales... and now here is proof from the 10Q... It also states now that the 10Q is filed... on with the REVERSE SPLIT... And yes... they will be able to dilute again, until and after the Reverse Split... Run Forrest Run!!!
NOTE 7 – STOCKHOLDERS’ EQUITY
Authorized Stock
The Company has authorized 75,000,000 common shares with a par value of $0.001 per share. Each common share entitles the holder to one vote on any matter on which action of the stockholders of the corporation is sought. During February 2017, the Company increased authorized number of shares to 500,000,000. Also, the Company increased the preferred stock to 75,000,000 shares and designated 25,000,000 shares of preferred stock to Series A Convertible Preferred Stock. During January 2018, the Company increased its authorized number of common shares to 1,000,000,000. During April 2018, the Company increased its authorized number of common shares to 2,500,000,000. The Board of Directors, in the future, has the authority to increase the authorized capital up to 4,000,000,000 based on shareholder approval.
The shareholder of the Company approved a reverse stock split at a ratio of between 1-for-100 and 1-for 250. The Company received approval from FINRA for a reverse stock split of 1-for-250 pending the filing of this 10-Q.
NOTE 4 – RELATED PARTY
For the three months ended March 31, 2018 and 2017, the Company had expenses totaling $28,500 and $28,000, respectively, to an officer and director for salaries, which is included in general and administrative expenses – related party on the accompanying statement of operations. As of March 31, 2018, there was no accounts payable – related party.
For the three months ended March 31, 2018 and 2017, the Company had expenses totaling $42,000 and $28,500, respectively, to a company owned by an officer and director for consulting fees, which is included in general and administrative expenses – related party on the accompanying statement of operations. As of March 31, 2018, there was $15,000 in accounts payable – related party.
For the three months ended March 31, 2018 and 2017, the Company had expenses totaling $30,498 and $0, respectively, to an officer and director for consulting fees, which is included in general and administrative expenses – related party on the accompanying statement of operations. As of March 31, 2018, there was $11,923 in accounts payable – related party.
For the three months ended March 31, 2018 and 2017, the Company had expenses totaling $12,000 and $0, respectively, to the wife of an officer and director for consulting fees, which is included in general and administrative expenses – related party on the accompanying statement of operations. As of March 31, 2018, there was $8,000 in accounts payable – related party.
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