Vortex Brands Co (VTXB)

[surfkast]

My bad. Widner is the old failure. The others are new failures.

https://www.sec.gov/Archives/edgar/data/1373467/000164033418001474/vtxb_1a.htm


We are led to believe that the deal with the preferred transpired On February 19, 2018, when the Company executed a reverse merger with Blockchain Energy, Inc. whereby the Company acquired 100% of Blockchain Energy, in exchange for 117,000,000 shares of Vortex Brands common stock and 9,996,000 shares of Series C Preferred Stock.


There is a good possibility that the shares may have exchanged on or about December 28, 2017.


Blockchain Energy was incorporated in the State of Colorado on December 28, 2017. Blockchain Energy was the surviving Company and became a wholly owned subsidiary of Vortex Brands. Vortex Brands had no operations, assets or liabilities prior to the reverse merger.

The class C convert 100 - 1.

That would put 1 billion from the offering and another billion from the class C this year.
Also note that the BOD can modify the rights at any time as they have the controlling vote.

https://www.sec.gov/Archives/edgar/data/1373467/000164033418001474/vtxb_1a.htm