$DEVM Long Core Group and Watchers
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1. We know Richard Chiang is actively involved in other stocks now and
just updated one becoming an advisor and a new CEO JK was announced, with
more to come .
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2. We also know (re read the very specfic and detailed) disclosure in August of 2019 (last one) showed the entire structure and updated info
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3. We know Mark D , replied just this past Month+, that he when he can do under some regulatory guidelinew would update the valued shareholders. My belief is that he had to wait a year from the transition where Richard Chiang and Board Meetings could be legally filed showing DEVM taking over and Mark D as the NEW CEO .
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4. We also know the St Pete Devmar Development (parent company) Vantage is on the last phases of construction , projected by end of year if not earlier and leasing out space now , documented.
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5. Then the DEVM approved, permitted, MARRIOTT (keep that in mind) project the DEVM St. Pete EDGE will get started... the outside crews up to move across town to get this rolling , City Approved.
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6. Just read through the disclosure and one year on KEY EVENTS starts this coming week .
Quote from Disclosure
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On October 15, 2018, the shareholders
38
voted to appoint Mr. Chiang as director, and resolved to “…proceed with reorganization to include, but not limited to, name
and symbol change, reverse stock split, reverse merger, appointed additional officers and directors as necessary, and increase
the total authorized shares.”
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(this time frame HUGE)
On October 29, 2018, the Company issued 500,000 shares of the Series A Preferred to Tech Associates, Inc., a California
corporation and affiliate of Richard Chiang (“Tech Associates”). Tech Associates subsequently entered into a Share
Purchase Agreement on October 31, 2018 (the “SPA”) with DK Acquisitions whereby, in a private transaction without
solicitation, and in reliance on those representations made in the Share Purchase Agreement, DK Acquisitions purchased
the 500,000 shares of the Series A Preferred from Tech for $.45/share.
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The parties amended the SPA on November 14, 2018
extending the closing date to November 16, 2018 and agreeing to hold $50,000 in escrow to allow for DK Acquisitions to
order tax transcripts from the Internal Revenue Service.
The Company believed that Section 4(a)(2) was available because the transaction under the SPA was exempt from the
registration requirements under the Securities Act of 1933, as amended (the “Act”), based on the following facts: there was
no general solicitation, there was one “accredited investor” purchaser within the meaning of Regulation D under the Act,
and the purchaser was sophisticated about business and financial matters, and all shares issued were subject to restriction
on transfer, so as to take reasonable steps to assure that the purchaser was not an underwriter within the meaning of Section
2(11) under the Act.
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(Then the icing on the cake, however it was a Shareholder board prior to this with Richard Chiang and shareholders... (Mark DeMaria , DK Acquitstions etc) .
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On November 16, 2018, the shareholders voted to appoint Mark DeMaria as director on the Board of Directors. Mr. Chiang
resigned from all director and officer positions in the Company effective immediately. Corporate Compliance continued to
serve as custodian of the Company through the Custodianship Matter. On December 13, 2018, the Company filed its
Amended Articles of Incorporation changing its name to “DevMar Equities, Inc.”
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On January 2, 2019, the Company filed
its FINRA Corporate Action requesting the name change and symbol change. The FINRA Corporate Action was authorized
by the Board of Directors, and Corporate Compliance, as Custodian. The Court terminated the Custodianship Matter on
January 8, 2019 finding that (a) the previously disclosed directors and officers did not object to Corporate Compliance’s
petition for custodianship, (b) Corporate Compliance properly reinstated the Company to good standing with Nevada, (c)
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Corporate Compliance paid the Company’s outstanding obligations to its transfer agent, Philadelphia Stock Transfer, Inc.,
and then subsequently moved the transfer agent services to Pacific Stock Transfer, Inc., and (d) the shareholder meeting on
October 15, 2018 was properly noticed
(NOTE THE OCTOBER 15, 2019 being a KEY DATE) First shareholder meeting
AI
