HUGE-$PMPG 10K FILING-annual audited, proof debt retirement and CANNABIS
Clearly management must be getting ready as this last audited filing brings this stock current. THE SHARE STRUCTURE WAS MAINTAINED - and it only has about 125mil in float. Less than 300mil total outstanding. Perfect SS for a merging entity. One can see from the financials released that the consolidated versus the non consolidated financials now tell the true story here. They got rid of all the debt in this now PARENT COMPANY.
MASSIVE FIND- the debt reduced from 922k to just under 145k once this 251G occurred. You can view that here UNDER NOTE 3- on page F7.
NOTE 3 – NON-CONSOLIDATED FINANICAL INFORMATION
ASSETS AND LIABILITIES – Year Ended December 31, 2018 PARENT /////// SUBSIDIARY
ASSETS Current Assets Total Cash on hand $ - $ -
Total Current Assets - - Fixed Assets - - TOTAL ASSETS - -
CLEAR PROOF POPE IS GONE AND NEW MANAGEMENT CAN NOW TAKE OVER FULLY AND IMPLEMENT THEIR MERGER- NOTE 11 – SUBSEQUENT EVENTS
On March 22, 2019, the holder of the 51 shares of Series B Preferred shares sold the shares to Parashar Patel and Jimmy Lee, jointly under a Stock Purchase Agreement, which constitutes a change of control. Mr. Patel and Mr. Lee are officers and directors of the Company.
In conjunction with the change of control, our then current CEO, Clifford Pope, resigned his officer and director positions and Mr. Parashar Patel replaced him on the board of directors and as CEO effective following approval of the Form 14C filing.
CLEAR PROOF OF CANNABIS MERGER REFERENCE YET AGAIN IN 10K- audited.
Risks Relating to the Industry
PLANNED EXPANSION AND LEASING OF EQUIPMENT OUT OF OUR CONTROL INVOLVE A HIGH DEGREE OF RISK.
AS OF 12/31/2018-
Currently the business is engaged in a Letter of Intent with a group of individuals with ties to real estate and services in support of legalized cannabis activities in Michigan. Until the Stock Purchase and Sales Agreement is executed there is no Quantitative and Qualitative Disclosures about market and risk, while the responsibility still remains to maintain key operating requirements, which we are formulating and pursuing to acquire for best interest of Shareholders.
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