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Saturday, October 08, 2022 12:21:11 PM
a Colorado limited liability company ("CDG"), who desired to acquire all of the issued and outstanding shares of Preferred
Stock of the Company (4,875 shares of Series A and 1,000 shares of Series B) plus an additional 31,182,000 shares of
Common Stock in exchange for a total cash purchase of $200,000 (the "Purchase"), from 1721 Belvedere Trust
("Shareholder"). As a result of this transaction, CDG became the controlling shareholder of the Company. CDG is owned
and controlled 100% by Timothy Matthews. It was, then, the intent of Mr. Matthews and CDG to develop and implement a
new business plan for the Company.
Evaluated the financials, not very good on all metrics. Essentially a share selling program with shareholder debt and shell status. Looks like a crypto integration business model with CDG but no metrics.
So, currently this looks to be a hype pop play based on share reductions. For the meantime. Despite the reductions, selling shares here will be the only revenue for the distant future.
That's my take. Share yours.
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