Kenilworth Systems Corp (KENS)

[bonedaddy77]

This finally popped up. They had an 8K last month and a very small share structure/float.

https://www.otcmarkets.com/filing/html?id=15266615&guid=dAtwkaQlROxpJth

Item 2.01. Completion of Acquisition or Distribution of Assets.


On September 28, 2021, the Company completed the acquisition of certain intellectual property and database assets of ACL Group, Inc.. The compensation paid by the Registrant for these assets is as follows:


(a)

A Secured Convertible Promissory Note in the principal amount of $300,000,000, bearing an interest rate of 5% per annum, and convertible into Shares of Common Stock of the Registrant in accordance with the terms of the Note, a copy of which is annexed hereto as an Exhibit;


(b)

40,000,000 shares of the Registrant’s authorized but unissued $0.001 par value common stock;


(c)

1,000,000 shares of the Registrant’s authorized but unissued Series “A” Preferred Stock, and 1,000 shares of the Registrants’ authorized but unissued Series “B” Preferred Stock, which shall bear the rights, privileges and preferences as set forth in the Certificate of Designation annexed hereto as an Exhibit;


(d)

20,000,000 Class “A” Common Stock Purchase Warrants, exercisable at $.02 per Share and expiring 10 years from the date of issuance. The Form of Common Stock Purchase Warrant is annexed hereto as an Exhibit.