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Replies to post #23759 on Tautachrome Inc (TTCM)
11/19/15 12:05 PM
11/19/15 12:30 PM
On March 12, 2013, the Company issued to our Chief Executive Officer, Micheal Nugent, 2,300,000,000 shares of common stock in exchange for a reduction in debt from the Company to him in the amount of $23,000.
As of March 20, 2015, the registrant had 2,987,633,430 shares of its common stock outstanding.
In addition to being the President, CEO, CFO and a director of the Registrant, Mr. Nugent is the spouse of Tamara Nugent, who is the sole trustee of Twenty Second Trust, the controlling shareholder of the Registrant.
Tamara Nugent is the wife of Micheal Nugent, President, CEO, CFO and a director of the Registrant. Micheal Nugent was the trustee of Twenty Second Trust until January 15, 2014. Except as otherwise provided in this paragraph, there was no material relationship between the Vendor, Tamara Nugent, Twenty Second Trust, the Registrant and its subsidiaries, or any of the directors or officers of the Registrant or its subsidiaries, or associates of any such directors or officers prior to the Asset Acquisition.
11/23/15 12:21 AM
11/23/15 1:45 PM
11/27/15 11:08 AM
11/28/15 3:38 PM
The total number of shares of all classes of stock that the Corporation has authority to issue is 4,100,000,000 shares, consisting of 4,000,000,000 shares of Common Stock, par value $0.00001 per share ("Common Stock"), and 100,000,000 shares of Preferred Stock, par value $0.0001 per share ("Preferred Stock").
The Board of Directors is authorized, subject to the limitations prescribed by law, by resolution or resolutions, to provide for the issuance of shares of Preferred Stock in one or more series, and to fix the designations, powers, preferences and relative, participating, optional or other rights, if any, and the qualifications, limitations or restrictions thereof, if any, including without limitation, authority to fix by resolution or resolutions the dividend rights, dividend rate, conversion rights, voting rights, rights and terms of redemption (including sinking fund provisions), redemption price or prices, and liquidation preferences of any such series, and the number of shares constituting any such series and the designation thereof, or any of the foregoing.
Each holder of Common Stock, as such, shall be entitled to one vote for each share of Common Stock held of record by such holder on all matters on which stockholders of the Corporation generally are entitled to vote; except that, unless otherwise required by law, holders of Common Stock, as such, shall not be entitled to vote on any amendment to the Certificate of Incorporation of the Corporation that relates solely to the terms of one or more outstanding series of Preferred Stock if the holders of such affected series are entitled, either separately or together with the holders of one or more other such series of Preferred Stock, to vote thereon pursuant to the Certificate of Incorporation or pursuant to the Delaware General Corporation Law. <<<-----See,, No Restrictions from being Dumped,, especially No 1 year Restriction...LMFAO!!
Note 7 – Debt
Our debt in certain debt categories went from $23,500 at December 31, 2014 to $514,414 at September 30, 2015
