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Item XIV Beneficial Owners
Security Ownership of Certain Beneficial Owners and Management.
The following table sets forth certain information regarding beneficial ownership of our common stock as of October 26, 2011 (a) by each person known by us to own beneficially 5% or more of any class of our common stock, (b) by each of our executive
officers and directors and (c) by all executive officers and directors of Legends Business Group, Inc. as a group.
Name and, as Appropriate,
Address of Beneficial Owner
Amount and Nature
of Beneficial Owner Percent of Common Stock
RODOLFO SABLON
555 NE 15th STREET STE 200
MIAMI, FL 33132 650,000,000 shares 52.665%
JEFFREY MYATT
7935 EAST DR PH 4
NORTH BAY VILLAGE FL 33141 76,800,000 shares 6.223%
CEDE & CO
PO BOX 222
BOWLING GREEN STATION
NEW YORK NY 10274 284,055,000 shares 23.015%
HANS HOCHSTEDLER,
2462 INDIANA AVE
COLUMBUS OH 43202 96,000,000 shares 7.778%
TOTAL: 1,106,855,000
Total Outstanding Shares: 1,234,215,000
That means nearly 90% of the common shares are owned by insiders. One thing I typically hate about pink sheet stocks is that all of the risk is held by the shareholders and insiders own so little (if any) of the risk. In this company, the risk has been borne by the insiders and they have a vested interest in this company succeeding. I have entered into owning stock in this company based on the hope and belief that these insiders have the vested interest in this company finding profits in its current ventures. These pink sheet stocks are extremely risky, and if I am going to take a risk in one, it's because insiders have put their time and money into it as well.
