“The Company issued shares of Series E Preferred stock, and under the terms of the Acquisition Agreement the owner was required to comply with reporting requirements and install a POS system to more accurately track sales. The owner did not comply and a mutual decision was reached to dissolve the relationship and the preferred shares were returned to the treasury.”
Then PG 6 the preferred given for the business to Zamil are restricted
“(i) Zamil Ahammad
(ii) 11466 E. Tamiami Trail, Naples, FL 34113
(iii) 20,000,00 shares of Series E preferred stock; 1 share of Series B preferred stock 600,000 shares
of common stock
(iv) Restricted
(v) None, all shares were acquired from a third party”
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