LFBG:
On February 13, 2011, the Board of Directors approved to become effective as of February 15, 2011, a salary for our CEO, Troy Lyndon, in the amount of $60,000 per year and an increase in the Board Compensation received by our Director, Richard Knox, Jr. to $3,000 per month.
Looks like Troy is going to be paying himself now that he's recorded his first profitable quarter.
On February 17, 2011, the Board of Directors of the Company and stockholders owning an aggregate of 67.6% of the voting securities of the Company voted in lieu of a meeting of stockholders, to amend the Company’s Certificate of Incorporation to increase the authorized common stock of the Company from five billion (5,000,000,000) shares to ten billion (10,000,000,000) shares. The Company intends to file a Preliminary Information Statement on Schedule 14C with the Securities and Exchange Commission on February 22, 2011. The amendment will not become effective until 21 days from the date of mailing of a Definitive Information Statement to the Company’s stockholders. The effective date is anticipated to be at or around March 28, 2011.
Thanks Troy and Knox Clan. Not a good call on this one...