Saturday, January 08, 2022 1:03:58 PM
Since we issued the 300,000 shares of Series A preferred stock to George Sharp we became aware through our transfer agent that in March 2013 the Company issued to a new President, Mr. Warwick Calasse, 5,000,000 shares of Series A preferred stock with each share of Series A preferred stock having the voting power of 294 shares of common stock. We have attempted to contact Mr. Calasse without success. Accordingly, on October 22, 2021, we issued 4,700,000 shares of Series A preferred stock and 1,000,000 shares of common stock to George Sharp to give him voting control of all matters submitted to the shareholders of the Company’s common stock.
George Sharp, our custodian and now President of out Company, has voting control through his ownership of Series A preferred stock and common stock. As a result, Mr. Sharp is able to: elect or defeat the election of our directors, amend or prevent amendment to our articles of incorporation or bylaws, effect or prevent a merger, sale of assets or other corporate transaction, and control the outcome of any other matter submitted to the stockholders for vote. Accordingly, other stockholders may be unable to influence management and exercise control over our business.
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