Zangara was involved when the company was called Allerayde SAB, Inc. A few iterations ago--the shell has had quite a few name changes over the years--ASAB was called Resource Exchange of America Corp. As of December 2012, Mark Dresner was CEO.
Michael Rhodes signed that document as CEO. A year later, there was another change of name and control:
The statements in this Annual Report on Form 10-K contained in the Business Section as well as the Managements’ Discussion and Analysis Section speak as of December 31, 2014. Since that date, as set forth in our Current Report on Form 8-K filed with the SEC on March 10, 2014, on March 4, 2014, Michael J. Rhodes, the Company’s former Chief Executive Officer, Secretary, Treasurer and director entered into a Stock Purchase Agreement (the “Agreement”), with Alan W. Grofe, an individual, to sell and transfer 75,872,411 restricted shares of our common stock (the “Shares”) owned by Mr. Rhodes to Mr. Grofe. In the Agreement, Mr. Rhodes agreed to transfer all 75,872,411 shares to Mr. Grofe, in a private transaction. As a result of the transfer of the Shares, which constituted 85.24% of the issued and outstanding common stock, a change in control of the Company occurred, with control transferring from Mr. Rhodes to Mr. Grofe. In addition, on March 4, 2014, the Board of Directors appointed Alan W. Grofe as a Director and Mr. Rhodes resigned from his positions as President and Chief Executive Officer, Secretary, Treasurer and as a director of the Company.
After accepting Mr. Rhodes resignation, the Board of Directors of the Company appointed Mr. Grofe to the positions of President and Chief Executive Officer, Secretary and Treasurer, to serve in each capacity until such time as his successor is named.
And on 9 July 2015, Grofe raised the authorized capital to 1 billion shares; 900 million commons, 100 million preferred. Previously, the authorized was 400 million commons, 100 million preferred.