Tuesday, September 15, 2020 12:48:29 AM
40% = 200,000,000 to MLON/PYCT 60% = 300,000,000 to shareholders = 300,000,000 + 200,000,000 = 500,000,000 float/outstanding?
https://www.otcmarkets.com/stock/ZNXT/disclosure
https://backend.otcmarkets.com/otcapi/company/financial-report/30178/content
13. December 14, 2004 ~ Pearl Asian Mining– Oregon Corporation (PRMN) traded 200,000,000 common shares (40%) of the WPML for 500,000,000 common shares of Mellon Research Company (Stock Symbol: MLON) for a MLON Stock Certificate bearing 500,000,000 Common Shares, booked at the cost of $5,000.00.
The company only transferred to MLON the 200,000,000 Shares or 40% of the issued and outstanding shares of the Western Pacific Minerals Ltd. that owned the 49 Silver Mining Claims at Slocan Area, BC, Canada. Furthermore, MLON now PYCT does not own Pearl Asian Mining and MLON has never been involved in the management, ownership or operations of Pearl Asian Mining Industries, Inc.
Prior to that trade of Western Pacific Minerals, Ltd, Pearl Asian spun off to its shareholders the other 60% of the issued and outstanding shares of Western Pacific Minerals, Ltd. As a result of the spin-off, Western Pacific (OTC: WPMLF) (CUSIP: 959140104) had more than 1,000 beneficial shareholders in common with PAIM.
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