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Friday, February 23, 2024 7:12:08 PM
https://www.otcmarkets.com/stock/BLLB/profile
Especially since management said they canceled the merger with Jump Start Sports back on 10/10/23?
https://www.otcmarkets.com/stock/BLLB/news/ReorganizationShare-Reduction?id=416921
(See page 8 https://www.otcmarkets.com/otcapi/company/financial-report/387119/content )
And how is it that Lily Rhodehamel --the daughter Jump Start Sports founder David Rhodehamel and COO Cindy Rhodehamel-- still controls 51% of BLLB thru a trust set up by her father's criminal defense lawyer as well as 100% of the Preferred B shares that convert into nearly 1 billion common?
And how is it that Jump Start Sports Richard Hart owns 100% of Preferred C shares?
The Company has authorized 300 shares of Series C preferred stock, par value $1.00. The shares of Series C preferred are convertible into shares of common stock at either 1) if, at the time of conversion the price of common stock is $0.01 or higher, then each share of Series C converts into 1,000,000 shares of common stock, ($3 million MINIMUM) or 2) if, at the time of conversion the price of common stock is less than $0.01, then each share of Series C converts into shares of common stock at 1,000,000 x (# of Series C converted) x (.01/market price) (or $480,000 at today's price of .0016???). The Series C have no voting rights. The terms and conditions of the Series C Preferred Stock, will be amended and filed at the Florida Secretary of State during the fourth (4th) quarter, 2023.
![Bearish](/static/images/ih2-bear.png)
Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.
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