Otcbargain
I had two burning questions that I think that I have found the answer to. The first one was why would the ceo donate his private company to this shell? Second why was he selling his options? This is the answer He already owned over 2million shares of common stock and almost 3 million preferred with a conversion of 1 to 40. So he paid himself and his wife and a couple friends 100 million s-8 shares at about .02 average. Tow million dollars to take his private company public and retain control. Not a bad deal for him.
We have a consenting shareholder, Mr. Wilbert H. Marmion, our president,
director, and chief executive officer, who holds 2,360,430 shares of our common
stock and 2,870,000 shares of our preferred stock. Mr. Marmion will have the
power to pass the proposed amendment without the concurrence of any of our other
shareholders.
