Thursday, October 21, 2021 1:13:35 AM
Firstly, this is straight from the filings:
October 7, 2021, CEO Gregory C. Manos entered into a Stock Purchase Agreement as the Seller of his 10,000 shares of Preferred Stock.
The Purchaser, Glen Bonilla, purchased the 10,000 shares of Preferred Stock at a purchase price of $1.00 per share, for $10,000.
Gregory Manos entered a consulting agreement for services rendered on October 7, 2021. Mr. Manos is entitled to receive $5,000 in
compensation.
Pinnacle Consulting Services Inc. entered into a consulting services agreement for $450,000 that was due and owed on October 7, 2021.
The invoice pertaining to this agreement is delinquent as of the date of this filing.
What has happened here is that Manos engaged Pinnacle Consulting Services (https://www.pinnacleconsultingservicesinc.com/) to help him clean up the AHFD shell. Pinnacle are the ones that must have brought Manos and Bonilla in touch. When Manos sold control of AHFD to Bonilla through the super voting preferred, the Pinnacle invoice became due. As the filings say, Pinnacle is owed $450,000. How and when is that going to be paid back?
Secondly there is no dilution yet. In early 2021 AHFD issued 1 billion shares each to Union Capital and Adar Bays. This was to eliminate convertible debt, which it did. Those issuances brought the OS to 7.9B. It has not changed as of 10/20. It could be that shares will be issued to pay Pinnacle but there is no evidence of that yet.
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