I got it also and was thinking about getting some monday, but March 06 the the major owner has shares post split h e bought the company 51% stake at 00075 a share and post forward split repersents .00018 per share, he owns 160 million shares now, so he probably paid for the mailer we are getting.
.75 pps would be 120 million in his pocket if it got there or above. He only payed $30k for the whole this 51 %
Stock Purchase Agreement
On March 27, 2006, our then Chief Executive Officer and Sole Director, Susan Downing, entered into a Stock Purchase Agreement (the "Purchase Agreement") with Adam Cegielski, who up until that time had not been affiliated with us. Pursuant to the Purchase Agreement, Mr. Cegielski purchased forty million (40,000,000) shares of our common stock from Ms. Downing for aggregate consideration of $30,000. The Purchase Agreement closed on March 27, 2006 (the "Closing").
As a result of the Closing, Mr. Cegielski obtained majority voting control over the Company, as the 40,000,000 shares which he purchased constituted 51.5% of the Company's then outstanding shares of common stock based on 77,600,000 shares of common stock outstanding as of March 27, 2006 (the "Change in Control").
In connection with the Change of Control of the Company, the Company's then Chief Executive Officer, President, Principal Accounting Officer, Treasurer and Secretary, Susan Downing, resigned on March 27, 2006, and Mr. Cegielski was appointed as the Company's Chief Executive Officer, President, Principal Accounting Officer, Treasurer and Secretary.
Additionally, on March 27, 2006, Ms. Downing resigned as the Company's sole Director and Mr. Cegielski was appointed as the Company's sole Director by the Company's majority shareholders, to fill the vacancy left by Ms. Downing's resignation.
Forward Stock Split
On April 12, 2006, our Board of Directors approved a 4:1 forward stock split to shareholders of record as of April 25, 2006 (the "Forward Stock Split"). The Forward Stock Split affected our issued and outstanding, as well as our authorized shares of common stock, and as a result, after the Forward Stock Split, we had 400,000,000 shares of common stock authorized with a par value of $0.001 per share.
PS nice that its a bb, but I think that he is ready to dump, I sure would sel some even at .25 he is worth 40 million dollars on 30k investment, dollar investment. sure be nice to find a deal like that.
It could fly monday , but I think I would only go for a 20 % gain at most to be safe on gmex it could fly high , but ya gotta know he will dump on a run.
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