InvestorsHub Logo
icon url

Vermicious Knid

05/26/16 1:25 PM

#16089 RE: inastateofshock #16088

Emaji, Inc. (the “Issuer” or the “Company”) is a development stage company with two divisions: Entertainment and Ventures. The Company has continued to work toward building a solid foundation for future growth during fiscal year 2015, highlighted by a significant reduction in the amount of authorized shares, a significant reduction in the amount of common shares outstanding, a significant reduction in the amount of convertible debt, a significant reduction in the amount of overall debt and the closing of initial transactions in the Company’s Emaji Entertainment division. ? The authorized common shares have been reduced from 39.8 billion to 10.8 billion shares, a reduction of 29 billion shares. ? The issued and outstanding common shares of the Company were reduced to 6,054,870,081 shares as of December 31, 2015. This is 21% below the number outstanding at December 31, 2014. ? In the quarter ended March 31, 2016, the company issued 312,500,000 restricted Common Shares for US$ 62,500 in cash. This brings the current number of shares issued and outstanding to 6,364,870,081. ? Long term convertible debt and convertible shareholder advances have been reduced from $2,828,653 on December 31, 2014 to $57,108 as of March 31, 2016. ? The total liabilities of the Company have been reduced from $4,965,275 on December 31, 2014 to $129,510 as of March 31, 2016. ? The Company has not incurred any convertible debt since November 2014. ? The Company has not instituted a reverse stock split and has no plans to do so prior to building or acquiring a business with significant revenues. ? Emaji Entertainment acquired the option rights to “The Howling” and “Strangeland” horror film series and is currently negotiating the acquisition of additional branded horror genre properties. Emaji Entertainment is also assembling a slate of other films and television properties. ? Emaji Sports has been discontinued as has Emaji Ventures’ Netoy.com initiative. ? Emaji Entertainment and Emaji Ventures continue to pursue acquisition and joint venture opportunities.