Let me know if I got this wrong.
An active director of ICLD and the active president of a ICLD subsidiary start SGSI, using 2 million dollars of MVTG stock holder value.
The director and president gives themselves millions of free shares of SGSI.
The director and president then turned in those free shares for 51% voting right or total control of the company.
The director and president then gives themselves salaries of $350,000 and $340,000 respectively plus stock bonuses which will be paid in any post splits shares.
The director and president enact a 200 to 1 reverse split on the common share holders while retaining 51% voting preferred B shares.
The director and president with absolutely no other checks and balances orchestrated all terms to purchase the remaining 20% of AWS, ADEX and TNS.
Those terms involve toxic debt which resulted in ICLD gaining majority common stock owner ship of SGSI.
Shortly after the reverse split while the outstanding shares stood at 1.1 million the director and the president purchased TNS from ICLD with a convertible note for $600,000 dollars. This note was convertible to 6 million shares or 6 times the company's current outstanding shares at the time.
The director and the president have approved an additional reverse split up to 300 to 1.
The director and the president have approved a merger with Wavetech Global solution.
The director and president while doing 40 million plus per year in revenue, has placed a value on SGSI at 20 million minus SGSI's debt.
The director and president, while having virtually no revenue and operating at a loss, has placed a value on Wavetech of 110 million.
If the director and president plan is fully implemented than shareholders of SGSI who purchased before September 10 2018 will be diluted 60000 to 1.
