Merry Christmas, 500 million shares of preferred stock is not a few hundred dollars...
As stated above, the Company remained dormant after it emerged from bankrutpcy. It had no business activity until 2008 when its prior management attempted to secure opportunities for the Company. The Company incurred approximately $150,000 in legal fees and consulting debt. My Pleasure Ltd., the current control group, made a cash infusion to satisfy this debt resulting in a company with no assets or liabilities. In late 2008 and early 2009, the Company created a business plan to develop various enterprises. Through loans that are not convertible into stock, the Company was able to engage in investments and business ventures. In 2009, the Company acquired stock in various enterprises as announced in the Company's Form 8-K reports, all of which are incorporated by reference. Presently, the Company, combined with its subsidiaries, maintains a cash position of approximately $110,000.00 within its bank accounts and brokerage accounts, and receivables in excess of $100,000.00. All bank and brokerage accounts are in the United States except for one operating account for a subsidiary in Nicaragua. The Company, through its subsidiaries, owns over $80,000.00 in equipment in Nicaragua. These assets are offset by notes due My Pleasure Ltd., which provides low interest loans to the Company as it maintains an interest in seeing the Company succeed since it owns the control block of the Company through 500,000,000 preferred shares with 51% supermajority voting rights.
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