Increasing AS over time. AS = total number of shares that 'can' be issued.
February, 2021
"1. Authorized Shares. The aggregate number of shares which the corporation shall have authority to issue is seven billion (7,000,000,000) shares, consisting of three classes to be designated, respectively, "Common Stock", "Series A Preferred Stock", and "Series B Preferred Stock"; the Common Stock shall have a par value of $0.001 per share, the Series A Preferred Stock shall have a par value of $0.00001 per share, and the Series B Preferred Stock shall have a par value of $0.00001 per share. The total number of shares of Common Stock that the corporation shall have authority to issue is six billion (6,000,000,000) shares. The total number of shares of Series A Preferred Stock the corporation shall have authority to issue is two hundred and twenty-five million (225,000,000) shares.
The total number of shares of Series B Preferred Stock the corporation shall have the authority to issue is seven hundred and seventy-five million (775,000,000) shares.
4/14/2022
1. Authorized Shares. The aggregate number of shares which the corporation shall have authority to issue is seven billion, five hundred million (7,500,000,000) shares, consisting of three classes to be designated, respectively, "Common Stock", "Series A Preferred Stock", and "Series B Preferred Stock"; the Common Stock shall have a par value of $0.001 per share, the Series A Preferred Stock shall have a par value of $0.00001 per share, and the Series B Preferred Stock shall have a par value of $0.00001 per share. The total number of shares of Common Stock that the corporation shall have authority to issue is six billion (6,000,000,000) shares. The total number of shares of Series A Preferred Stock the corporation shall have authority to issue is two hundred and twenty-five million (225,000,000) shares. The total number of shares of Series B Preferred Stock the corporation shall have the authority to issue is one billion, two hundred and seventy-five million (1,275,000,000) shares.
5/8/2022
1. Authorized Shares. The aggregate number of shares which the corporation shall have authority to issue is eight billion (8,000,000,000) shares, consisting of three classes to be designated, respectively, "Common Stock", "Series A Preferred Stock", and "Series B Preferred Stock"; the Common Stock shall have a par value of $0.001 per share, the Series A Preferred Stock shall have a par value of $0.00001 per share, and the Series B Preferred Stock shall have a par value of $0.00001 per share. The total number of shares of Common Stock that the corporation shall have authority to issue is six billion, five hundred million (6,500,000,000) shares. The total number of shares of Series A Preferred Stock the corporation shall have authority to issue is two hundred and twenty-five million (225,000,000) shares. The total number of shares of Series B Preferred Stock the corporation shall have the authority to issue is one billion, two hundred and seventy-five million (1,275,000,000)
shares.
Increasing the number of common shares does not bode well for a stated intention to buy back common shares...
In the filings, it can be seen how high the (back) officer compensation is. The preferred B shares are to be used to pay those salaries, among other things.
From Annual report:
The Company accrued wages for its current President and CEO at a rate of $120,000 per year, along with other employees of the Company. As of December 31, 2021 and December 31, 2020, the Company owed a total of $2,473,016 and $747,564 respectively, to the current and predecessor President and CEO of the Company for back due wages.
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