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Replies to post #1138 on Unisource Corp. (USRC)
elbiatcho1
08/19/14 1:44 PM
#1139 RE: Barnaby1 #1138
Third, and potentially most interesting:...So basically, the company appears to have been able to execute the acquisition of Top Flight without diluting shareholders at all (actually the opposite).
In June 2014, the Company received proceeds of $150,000 from the sale of 2,100,000 shares of the Company’s Common stock to a single investor. In June 2014, 4,000,000 shares of common stock in the Company were issued to John Peterson inconnection with his employment agreement with the Company. Although issued, these shares vest for a 24 month period, deliverable quarterly starting September 2014. In May 2014, 4,000,000 shares of the Company’s Common Stock were issued to John Peterson and David Thomas, management of Top Flight Concepts, LLC.(See Section 6) In May 2014, William Wood, the previous President of Unisource subsidiary Visionship Inc., returned 10,000,000 shares of his common stock to us as part of a legal agreement to facilitate the Company’s transaction with Top Flight Concepts, LLC. In May 2014, management of the Company as a group retired 9,996,107 shares of issued Common Stock to treasury to facilitate the Company’s transaction with Top Flight Concepts, LLC.