Why no mention of the pot farms?
5) Issuer’s Business, Products and Services
The purpose of this section is to provide a clear description of the issuer’s current operations. In answering this item, please
include the following:
A. Summarize the issuer’s business operations (If the issuer does not have current operations, state “no operations”)
Metrospaces, Inc. (the “Company”) was originally incorporated in Delaware as Strata Capital Corporation (“STC”) on December 10,
2007, and the Company changed its name to Metrospaces, Inc. on October 6, 2012. We are focused on the acquisition and
repositioning of luxury resort properties and hotels, and the Company’s management previously participated in the development of
the Hotel Esencia in Xpu Ha, Riviera Maya, Mexico; the Hotel Ikal del Mar (now known as the Viceroy Riviera Maya) in Playa
Xcalacoco Frac 7, Riviera Maya, Mexico; and the London Bulgari Hotel in the United Kingdom.
As part of its real estate focus, on January 13, 2015, the Company acquired all of the outstanding shares of stock of Bodega IKAL,
S.A., an Argentinian corporation, and Bodega Silva Valent S.A., an Argentinian corporation (the “Bodega Entities”). The Bodega
Entities owned the Ikal Wine and Lodge, which is a 75-hectare vineyard located in Mendoza, Argentina. On September 18, 2018,
the Company and the Bodega Entities rescinded the acquisition, ownership of Bodega Entities was returned to the sellers, and the
sellers returned the Company’s preferred stock to the Company for cancellation.
On June 7, 2017, the Company acquired 51% of the ownership interests of Etelix.Com USA LLC (“Etelix”). Based in Miami, Florida,
Etelix is an international telecom carrier that provides telecom and technology solutions worldwide with commercial presence in
seven countries among North America, Latin America and Europe. On or about June 25, 2018, Etelix was acquired by iQSTel Inc., a
Nevada corporation (“iQSTel”), and the Company and Etelix’s other owners received newly issued common shares of iQSTel in
consideration of the acquisition of Etelix from them. As a result of the sale, the Company now owns 6,136,848 common shares of
iQSTel.
The Company is currently considering the acquisition of a 17-room boutique hotel in Cantabria, Spain, as well as the acquisition and
renovation of townhomes in the greater New York City metropolitan area.
On or about August 16, 2019, the Company entered into an option agreement to acquire predictive analytics software, client
agreements, brands and other assets associated with and from Alpha Modus (www.alphamodus.com), including the Alpha Modus
brand name, web domain and website. Currently, Alpha Modus’s predictive analytics software is in its final stages of development
and is almost ready for final deployment to three prospective clients in the mortgage industry. Alpha Modus’s management team has
prepared a business plan post-acquisition that would require approximately $315,000 in final software development expenses to
reach full-deployment capacity. The Company plans to close this acquisition and complete development of the Alpha Modus
software.
B. Describe any subsidiaries, parents, or affiliated companies, if applicable, and a description of their business
contact information for the business, officers, directors, managers or control persons. Subsidiary information may be included
by reference
We currently own 6,136,848 common shares of iQSTel Inc., a Nevada corporation. The Company has no other partially or wholly
owned operational subsidiaries or affiliated companies. iQSTel Inc. is the owner of Etelix, described above, which is an international
