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Re: trader53 post# 24902

Tuesday, 06/24/2025 8:51:43 PM

Tuesday, June 24, 2025 8:51:43 PM

Post# of 25231
The incorporation document says this:


4. The true name and mailing address of the incorporator are
...
(if an entity) West Coast Ventures Group Corp.
...
5. The classes of shares and number of shares of each class that the corporation is authorized to issue are as follows.
* The corporation is authorized to issue 10,000,000 common shares that shall have unlimited voting rights and are entitled to receive the net assets of the corporation upon dissolution.



It's curious/puzzling/stupefying that Nixon has kept the name Nixon Restaurant Corp alive when a) it's "true name" is West Coast Ventures Group Corp, and b) this underlying corporation (name) is in dissolution in both Colorado (as a foreign corporation) and Florida (as a native corporation).

Nixon keeps all of his underlying LLCs for each restaurant (and trade-name) current, as he also does with Nixon Restaurant Group, Inc. I don't know what it means to have renewed Nixon Restaurant Corp yet not the 'connecting corporations' to the restaurant group.

I wonder what the Colorado state business registration office would think about that.

I also don't know what those potential 10,000,000 shares represent, although (if I recall correctly) at the time Nixon Restaurant Corp was created, Nixon had a request to the SEC out for a 1,000:1 reverse split, which would have then aligned the A/S of WCVC with this A/S (except that reverse splits don't actually change an A/S).

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