I'll provide a few extracts after, but let's consider a few things:
(apologies for the long post, but it was asked what I'm seeing, and so here you go. Not everyone will agree, and that's fine...absorb the info available as you choose to).
It's been said the last act of a dying republic is to raid the treasury, and that's what the two active employees here have authorized themselves to do by awarding the remaining 5.26 Billion shares (that's billion...with a 'B') to themselves. Aside from the fact that 5 Bn shares is ridiculous for a company this size, the company is over 18M in the hole ($18,194,655 to be exact). The outlook given is that continuing operations will likely be dependent on management funding any future endeavors, and that "adjustments may be necessary," although it remains unclear exactly what adjustments are being inferred. All that is alluded to is that the company is looking to "re-energize the business in the next 12 months."
Now, let's divide those 5.2 Bn shares by 16 and drop the number to more sane total of 328,750,000 for an example. That's a number more appropriate for a company this size. (This isn't including the 1 M shares of preferred stock created and awarded to the CEO, each of which originally carried 200 votes and shortly increased to 400 votes per). The PPS would naturally get pushed up, but that wheelbarrow load of certificates people are holding would accordingly shrink in size. Think of it as a "shake-out," which isn't uncommon.
===[ EXTRACTS ]===
As reflected in the accompanying financial statements, the Company has minimal revenues, net accumulated losses since inception and an accumulated deficit of $18,194,655. These factors raise doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on management funding operating costs. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
Effective as of May 19, 2017, the Company amended its Articles of Incorporation to designate 1,000,000 shares of preferred stock as Series A Preferred Stock, with a par value of $0.001 per share (the “Series A Stock”).
On May 25, 2017, the Company issued 1,000,000 shares of Series A Stock to Victoria Rudman, the Company’s Chief Financial Officer, in return for services provided to the Company by Ms. Rudman and to ensure Ms. Rudman’s continued service to the Company.
On June 2, 2020, the Board of Directors, agreed to issue 5,260,000,000 common stock shares in lieu of unpaid management and director salaries of the accrued amounts from July 1, 2018 through and including March 31, 2020.
The Company is currently pursuing alternative business opportunities
The Company is working to re-energize the business within the next 12 months.
Please see Note 2 to the Company’s unaudited financial statements as of and for the nine months ended March 31, 2019 included in this Quarterly Report for a discussion of the Company’s significant accounting policies.
