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Tuesday, August 25, 2020 9:17:53 PM
This is what I was looking for: Here's when they became a company "On June 22, 2018, we consummated a reverse triangular merger whereby we merged with and into FLCR's newly formed subsidiary, which was formed specifically for the transaction (Galaxy MS). Under the terms of the merger, Galaxy Next Generation, Inc's shareholders transferred all their outstanding shares of common stock in Galaxy Next Generation, Inc., in return for FLCR's Series C Preferred Shares, which at the time of the merger were equivalent to approximately"3,065,000,000 shares of the common stock of FLCR on a pre-reverse stock split basis. This represented approximately 89% of the outstanding common stock of FLCR at the time of the merger, with the remaining 11% of common stock distributed as follows: (a) an ownership interest of seven percent (7%) to the holders of common stock, pro rata; and (b) four percent (4%) of the common stock to the holders of convertible debt, pro rata. FLCR owned Georgetown 14 Cinemas, a fourteen-theater movie complex located on approximately seven acres in Indianapolis, Indiana. Prior to the merger, its sole business and source of revenue was from the operation of the theater, and as part of the merger agreement, the parties have the right to spinout the theater to the prior shareholders of FLCR. Effective February 6, 2019, we sold our interest in our theater to focus our resources in our technology operations"
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