*****************************MUTM to Chic Management R/M transition***************************** Mutual Merchant Services is owned and managed by Multimillionaire business magnet and Philantropist "M. Josee Goudreault".
STOCK ISSUANCE AND NONCASH TRANSACTIONS On October 14, 2009 the Company issued 2.2 billion shares of common stock and 24.2 million shares of preferred stock in exchange for all outstanding shares of beneficial interest is in Chic Management (http://chicmanagement.net), a California business trust, making Chic Management a wholly owned subsidiary of Mutual Merchant Services, Inc. The market value of the shares of both companies is not readily determinable. The shares have been reported at the par value $.00001 of MUTM, for a total amount of $22,242.
RELATED PARTY TRANSACTIONS As discussed in the note above, Chic Management became a wholly owned subsidiary of MUTM. As a result of the transaction, the primary holder of shares of beneficial interest in Chic Management became the primary shareholder of MUTM. A/S and O/S -->MAXED OUT PLAY (like "GOIG" this could run from 0.0003 to 0.03)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.