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Saturday, January 23, 2021 1:03:05 PM
On NVSOS we have on Jan 21
"01/21/2021 20211180167 Amendment After Issuance of Stock - Stock Change"
That happened right after the most recent verification with TA
Then on Jan 22
"01/22/2021 01/22/2021 20211182700 Certificate of Designation"
On the 22nd DL made another class of preferred shares with the certificate of designation.
It is possible he made more shares for him or more shares for someone else that then convert to greater voting power or voting power and greater commons number conversion.
Why? If you go back to the most recent OTC report (first link) on page 2 you see there are 900,000 shares issued, authorized and outstanding, and another 1,000,0000 shares issued and authorized with 100,00 outstanding meaning he can create 900,000 more of those shares when he wants out of the million. So why create another class of preferred shares when you can use those to convert on the open market to pay for stuff? Which is leading me to believe those may not be for him but for the next company coming in (or members of the company).
For whatever reason DL wants another series of preferred shares: this can mean more than one member/partner are coming in for the RM (like if a private company has two major holders each getting their own class of shares to collectively vote the new company to existence.). This can also mean DL is giving himself or Custodian Ventures (proxy to himself) extra shares he can convert to commons to either pay for additional costs for company acquisition, upcoming SEC forms, or other fees just to name a few (and keep those preferred shares created before for the RM block).
We will know for sure in due time.
This is the blank NV SOS when you do that just for reference
https://www.nvsos.gov/sos/home/showdocument?id=1066
Here is a link to the law that regulates this
https://law.justia.com/codes/nevada/2010/title7/chapter78/nrs78-390.html
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