DD Support Board and Research Team

[hedge_fun]

and just curious on the defintion of what rescind means....

If the issued shares were returned, and an agreement was signed by the parties involved, then the merger is rescinded, if it ever even occurred. It wasn't filed in the jurisdiction, which is odd. Why didn't they file the paperwork with FL?

http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P10000065685&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=COASTALCAPITALACQUISITION&names_filing_type=

In accordance with the reverse merger transaction, Anthony DiNorcia received 1,350,000,000 shares of the restricted common stock of Coastal Capital in exchange for 100% of the outstanding shares of Earth Surfaces.

Under the terms of the Rescission Agreement, Anthony DiNorcia cancelled and returned 100% of the 1,350,000,000 restricted shares he received.

The three members of Coastal Capital's board of directors, who will remain directors, approved the Rescission Agreement, including the cancellation of the 1,350,000,000 shares issued to Mr. DiNorcia, on December 21, 2012. The cancellation of the 1,350,000,000 shares reduced Coastal Capital's outstanding common shares from 2,284,739,050 to 934,739,050.

http://ih.advfn.com/p.php?pid=nmona&article=55579224