Tuesday, May 21, 2019 9:05:33 AM
From the Note 9–Changes in Stockholders’ Equity(Deficit) (p.21):
Common Stock Issuances for Debt Conversions (2019)
During the three months ended March 31, 2019, the Company issued a total of 13,325,000 shares of common stock pursuant to the conversion of an aggregate $48,507 of debt, consisting of $44,533 of principal and $3,974 of accrued interest. The notes were converted in accordance with the conversion terms; therefore, no gain or loss has been recognized.
From the STATEMENT OF STOCKHOLDERS' DEFICIT (p.4)
Common stock issued for conversion of debt--202,819,435
Someone is sure to say that the above was just a simple mistake (the same page shows "Common Stock Issuances for Debt Conversions (2018)During the three months ended March 31, 2018, the Company issued a total of 13,325,000 shares of common stock ...") but the people who might believe that don't know Alonzo Pierce. It's exactly the kind of "mistake" he's known to make.
https://backend.otcmarkets.com/otcapi/company/financial-report/221073/content
And something that's in EVERY filing that needs to be repeated here every time as well:
"The collective outstanding shares of Series E Preferred Stock are entitled to twice the number of votes of all outstanding shares of capital stock such that the holders of outstanding shares of Series E shares shall always constitute sixty-six and two thirds (66 2/3rds) of the voting rights of the Corporation."
"On March 6, 2015, the Company issued 1,000,000 shares of Series E Preferred Stock to Alonzo Pierce, the Company’s President and Chairman of the Board for services provided."
While it says that "the Company issued 1,000,000 shares of Series E Preferred Stock to Alonzo Pierce" the fact is that Alonzo Pierce issued them to Alonzo Pierce.
But can it core A apple?
Yes Ralph, of course it can core A apple.
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