Gold Entertainment Group Inc (GEGP)

[mwab52]

o/s 6.9B....Check fileing

· Management currently owns approximately 40% of all the issued and outstanding common stock of the Company and 100% of the preferred stock issued and outstanding. The preferred stock issued to management has super majority voting rights. Consequently, management has the ability to influence control of the operations of the Company and, acting together, will have the ability to influence or control substantially all matters submitted to stockholders for approval, including:

· Election of the board of directors;

· Removal of any directors;

· Amendment of the Company's articles of incorporation or bylaws