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Thursday, June 23, 2022 4:13:43 PM
Development Capital, LLC. (CED Capital), 50 Series A preferred shares (convertible at 1 into 200,000,000 common shares,
and voting rights of 60% of all votes) in exchange for $35,000 which the Company used to fund the reinstatement of the
Company with the State of Nevada, settlement of the Stock Transfer Agent’s balance. CED Capital also undertook to
make all reasonable efforts to provide adequate current public information to meet the requirements under the
Securities Act of 1933. "
"The purchaser of the 50 Series A preferred shares has control of the Company through 60% voting rights over all classes
of stock and the 50 Series A preferred shares are convertible into 10,000,000,000 (50 Series A preferred shares
multiplied by 200,000,000) shares of the Company’s common stock. However, the court appointed control still remains
with the Custodian until the Custodian files a petition with the District Court of Clark County, Nevada to relinquish
custodianship and control of the Company.
"
https://www.otcmarkets.com/otcapi/company/financial-report/332860/content
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