AI
Tuesday, August 18, 2020 9:32:22 PM
2) Security Information [Extract]
On January 25, 2020, the sole member of the Board of Directors and majority shareholder of the Company approved an Amendment to the Articles of Incorporation whereby, the Company designated a series of Preferred Shares, being Series D, E, F and G and approved the cancellation of the 2018 Special Series B and D shares of preferred stock upon their return to treasury. The Certificate of Amendment was filed with the State of Nevada on February 28, 2020.
Further on May 21, 2020, Mr. William Ottens resigned as the sole officer and director of the Company and Mr.Robert Gardiner was appointed President and director and Mr. Rodney Nettles was appointed Secretary/Treasurer and director.
On January 30, 2020, Mr. William Ottens, formerly our sole officer and director, entered into an agreement with Mr. Rodney Nettles, whereby Mr. Ottens will sell his 1 share of 2018 Special Series A Preferred Stock for $50,000 and the two additional shareholders have agreed to the cancellation of 20,000,000 shares of 2018 Special Series D Preferred Stock and 10,000,000 shares of 2018 Special Series B Preferred Stock in consideration for aggregate $15,000. This agreement when completed will effect a change in control of the Company. As of the date of this filing, Mr. Ottens remains the controlling shareholder of the Company.
- Also, note from the table below that the Special Series A, B and D Preferred Shares are restricted.
Extract source - MGON June 30, 2020 Quarterly Report - Pages 4 and 5: https://backend.otcmarkets.com/otcapi/company/financial-report/255439/content
Go MGON!
On January 25, 2020, the sole member of the Board of Directors and majority shareholder of the Company approved an Amendment to the Articles of Incorporation whereby, the Company designated a series of Preferred Shares, being Series D, E, F and G and approved the cancellation of the 2018 Special Series B and D shares of preferred stock upon their return to treasury. The Certificate of Amendment was filed with the State of Nevada on February 28, 2020.
Further on May 21, 2020, Mr. William Ottens resigned as the sole officer and director of the Company and Mr.Robert Gardiner was appointed President and director and Mr. Rodney Nettles was appointed Secretary/Treasurer and director.
On January 30, 2020, Mr. William Ottens, formerly our sole officer and director, entered into an agreement with Mr. Rodney Nettles, whereby Mr. Ottens will sell his 1 share of 2018 Special Series A Preferred Stock for $50,000 and the two additional shareholders have agreed to the cancellation of 20,000,000 shares of 2018 Special Series D Preferred Stock and 10,000,000 shares of 2018 Special Series B Preferred Stock in consideration for aggregate $15,000. This agreement when completed will effect a change in control of the Company. As of the date of this filing, Mr. Ottens remains the controlling shareholder of the Company.
- Also, note from the table below that the Special Series A, B and D Preferred Shares are restricted.
Extract source - MGON June 30, 2020 Quarterly Report - Pages 4 and 5: https://backend.otcmarkets.com/otcapi/company/financial-report/255439/content
Go MGON!
Buy cautiously and sell reluctantly. All of my posts are In My Opinion only based on the DD I have completed. Please do your own DD and make your own decisions.
