Original share structure stated BEFORE Tom Gaffney took over HESG:
“Number of Authorized Shares . The total number of shares of stock which the Corporation shall have the authority to issue shall be Three Hundred Million (300,000,000) shares. The Corporation shall be authorized to issue two classes of shares of stock, designated, “Common Stock” and “Preferred Stock.” The Corporation shall be authorized to issue Two Hundred Eighty Million (280,000,000) shares of Common Stock, each share to have a par value of $0.001 per share, and Twenty Million (20,000,000) shares of Preferred Stock, each share to have a par value of $0.001 per share. The Preferred Stock may be issued from time to time in one or more series. The first series shall be designated “Series A Preferred Stock” and shall consist of 2,352,948 shares, the second series shall be designated “Series B Preferred Stock” and shall consisted of 130 shares, and the third series shall be designated “Series C Preferred Stock” and shall consist of 7,500 shares. The rights, preferences, qualifications and privileges of the Series A Preferred Stock, the Series B Preferred Stock and the Series C Preferred Stock are set forth in ARTICLES VI, VII and VIII, respectively.”
The first order of business by Thomas Gaffney appears to be to reincorporate HESG by filing Articles of Incorporation in Florida 2/09/09 and then immediately raising the Authorized Shares to 1 billion. HESG was already operating as a business and filed as a Delaware corporation.
Tom Gaffney is still affecting the Health Sciences Group, Inc. CUSIP 42223A100 ticker HESG, even though there is an injunction against Tom Gaffney, because the current transfer agent is still quoting the below share structure as of 8/2014 using the Florida corporation numbers:
Authorized Shares: 50,000,000,000 derived from 12/3/2012 amendment sunbiz.org (see above) signed by G. Smith Outstanding Shares: 20,000,000,000 derived from 2/3/2010 amendment sunbiz.org (see above) signed by T. Gaffney Float: 14,590,403,062
I spoke to Danielle Case and Malou Samson at Pacific Stock Transfer Transfer Agent 4045 S. Spencer Street Suite 403 Las Vegas, NV, 89119 800-785-7782
What is the material value added by Tom Gaffney or Gregory Smith to HESG? The consideration provided by them is zero so the increases to the Authorized Shares are unwarranted and Ultra Vires.
Something wrong with this picture.Thoughts? Still waiting to hear from Mr.Smith...hahaha! Somebody has some fixing and explaining to do win it comes to (HESG) Shareholders/Investor's.Hold onto those shares.(HESG)
HESG Security Details Share Structure Market Value1 $3,741,871 a/o Aug 14, 2014 Shares Outstanding 18,709,356,099 a/o Dec 31, 2012 Float 13,299,759,161 a/o Dec 31, 2012 Authorized Shares 20,000,000,000 a/o Dec 31, 2012 Par Value 0.001