![](https://investorshub.advfn.com/uicon/575967.png?cb=1680113395)
Tuesday, January 02, 2024 8:00:25 AM
Company’s Board of Directors has also authorized the designation
and issuance of 1,000,000 Series “B” preferred Shares. Each Series B Preferred Share is convertible into 500 shares of
common stock, but only if certain conditions are met are they convertible. Series B shares must be held for at least
one (1) year in order to be eligible for conversion, and once eligible can only be converted in amounts that will not
exceed 9.99% of the outstanding shares of the company when combined with any existing holdings of the shareholder
wishing to convert. The Series ”B” shares were issued at cost basis of $0.001 (or par value) for consulting services
lasting three (3) years from the time of issuance.
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