DevMar Equities Inc (DEVM)

[Timing101]

$DEVM for June , should be real intersting now
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After reading through this again on the A,B,C,D boxes of
Baum Boutique (EDGE) and the A,B,C (only) boxes of Vantage LLC,
it becomes very apparent that there had to be some Legal items
set up for a variety of reasons according to the FLOW Charts.
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1. Boustead Securities taken "control" of some "units" which
are the "D" Box in Baum Boutique llc and the "C" Box in the
Vantage LLC. These now obviously are part of an upcoming
offering / format in the near future yet to be determined to
raise capital , Funding , etc and should be positive overall.
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2. The FDK Box "C" on the Baum Boutique is actually a "Call Option"
That Kassab has and " The Company" can take that back at any time
under the agreement language where applicable.
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3. The "B" Box on both Flow Charts are the Investors rule 506 D .
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4. The "A" Box is Devmar LLC
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5. The other difference between the two flow charts is Baum Boutique
has Mark DeMaria and Kassab (FDK) on it .. the Vantage Chart does not.
This has to do apparently with the Language of DK Acquisitions and the
converting of the (possible) of their Preferred A Shares for some
application on approval with the Marriott folks. I am sure that is
all Corporate legal mumbo jumbo required by the Marriott , who may even
want to be 'an' investor . Noted to keep it separate and since Kassab in not in the boxes of Vantage , separate legal to prevent conflict of
interest... smart.. strategic .
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This is all good.. DEVM had their entire Board, Legal (all) , Tax Advisors and Boustead Securities (now listed as DEVM Service provider in the Disclosure) , in a room and a decision was made effective June 6, 2019 . That means items are MOVING FORWARD, one can only imagine the back and forth on this in the Months of April since Hiring Boustead
and this final approval with amendments to the Operating Agreement.
This also means that future projects are going to be much better defined TEMPLATE as they have done the Famous Business Approach of
PDCA ... PLAN, DO , CHECK, Act and Adjust ... moving forward.
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Quote from discloure:
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On November 16, 2018, DK Acquisitions purchased the 500,000 shares of Series A Preferred from Tech Associates for
$0.45 per share resulting in a change of control.
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On May 29, 2019 (effective however on June 6, 2019 upon receipt of fully
executed resolutions), pursuant to the Company's Bylaws and pursuant to NRS 78.565 upon receiving the affirmative vote
of DK Acquisitions as the shareholder holding title to the majority voting control of the Company, the Board of Directors
approved the execution of the
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(a) Amended and Restated Operating Agreement for DevMar Baum Boutique, LLC, a Florida
limited liability company ("DevMar Baum," with the Amended and Restated Operating Agreement defined as the
"Amended Baum Operating Agreement"), and
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(b) Operating Agreement for Vantage Ft. Myers, LLC, a Florida limited
liability company ("Vantage Ft. Myers," with the Operating Agreement defined as the "Vantage Operating Agreement").
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The Amended Baum Operating Agreement and Vantage Operating Agreement are effective as of the date of the filing of
this Interim Report. The end result of the Amended Baum Operating Agreement and the Vantage Operating Agreement is
the granting of a contractual Right of First Refusal to the Company (discussed in Section 5, below) in consideration of the
Company tendering back its ownership interests in DevMar Baum and Vantage Ft. Myers.
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The Board of Directors
determined that this restructuring was in the best interests of the Company, as discussed more in Section 5. In order to clear
any conflicts of interest in legal representation of the Company, and representation of DevMar Baum and Vantage Ft. Myers,
the latter retained separate legal counsel to advise them on their agreements with the Company.
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With this in place , now can move forward with Vantage and future projects , plus this should help expedite and clear any confusion or questions on other Florida or Southern States as indicated by the
last article. ALL GOOD FOR INVESTORS...
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Wow a lot of hard Legal and
Executive work by the $DEVM TEAM and Service PROVIDERS
Maybe should be phrased "Wow a lot of Hard EXPENSIVE Work :)
that the investors are not being asked to pay for .