GTXE am I reading their 8-K filings correctly
last sentence here...? thanks
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Pursuant to a Share Exchange Agreement, the Company acquired 100% of the issued and outstanding shares of common stock of GulfTex Energy Corporation, in exchange for 1 share of common stock. No material relationship exists between the Company and the selling shareholders of GulfTex Energy Corporation or any of its affiliates, any director or officer, or any associate of any such director or officer of GulfTex Energy Corporation. The consideration exchanged pursuant to the Agreement was negotiated between GulfTex Energy Corporation and the Company in an arm's- length transaction.
The Share Exchange resulted in Gulf becoming a wholly-owned subsidiary of Shopathomekids.Com. On September 19, 2001, Shopathomekids.Com merged with its wholly-owned subsidiary, GulfTex, and changed its name to GulfTex Energy Corporation.
ITEM 5. OTHER
On September 6, 2001, the Board of Directors accepted the resignation of Mr. Lewis Prowse II as President and Director. The Board then appointed Mr. Marc Dushesne as a member of the Board, and to act as President, effective immediately.
On September 6, 2001, the Board of Directors accepted the resignation of Larry E. Ballard as Secretary, Treasurer and Director, effective immediately. The Board then appointed Mr. Graham Hammond to the Board to fill the vacancy created by Mr. Ballard's resignation.
On September 6, 2001, the Board of Directors accepted the resignation of Tarja Mees as Director, and Mr. Bill Wood was appointed as a member of the Board to fill her vacancy.
On September 6, 2001, the Board appointed Merritt Douglas Woodring to fill the vacancy created on the Board by romie Krickbaum's resignation as a Director. Mr. Woodring was also appointed the Vice-President of the Company.
On September 6, 2001, the Board was expanded to five members and appointed Stanley Spinks as a member of the Board to fill the vacancy created by the expansion. Mr. Spinks was also appointed as the Treasurer of the Company.
Mr. Jackson Chung wai Wong was appointed as the Secretary of the Company on September 6, 2001.
On September 19, 2001, the Company changed its name to GulfTex Energy Corporation. Upon completion of the Merger, the Company also changed its corporate address to 1330 Post Oak Boulevard, Four Oaks Place, Suite 1600, Houston, TX 77056.
On September 24, 2001, the Company effectuated a 20.61:1 forward split.
