Monday, March 27, 2023 3:20:32 PM
You are partially correct. He used the $90k judgment to justify issuing 3M common shares of WNFT (=1M of Goff, pre split).
But he also issued himself 5M preferred shares, which converts to 450M common shares and had a price of $19.8M at the time of issuance, for "CEO services."
Those are the shares that gave him voting control of the company. And he elected himself sole director without holding a shareholder meeting, then issued himself voting control without holding a shareholder meeting or having the issuance approved by any shareholders.
So it does seem to apply here.
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