Replies to post #18114 on NoHo Inc (DRNK)

[I-Glow]

They address that in the press release:

The 54 billion shares of common stock exchanged by NOHO in the share exchange agreement with Media360 Licensing, Inc. on September 9, 2016, shall be retired and reissued as preferred shares on a ratio basis consistent with the share exchange agreement. In order for the Company to convert the newly issued preferred shares, a filing will be required.

We can also see from the following:

On November 15, 2016, the Company cancelled the 54,000,000,000 common shares issued pursuant to the Share Exchange Agreement dated September 9, 2016 and issued Series B Preferred Stock in place of the 54 billion shares. The Series B Preferred Shares carries the same ratio percentage as the 54 billion did for the Share Exchange Agreement

I am going to bet that when I start looking into Media360 - I will find something interesting.

In the last Financial Report - David Mersky owns 43,200,000,000 shares of the Series B stock and David Weaver owns 10,800,000,000 shares of the Series B.

For a Total of 54,000,000,000 Shares of the Series B Preferred Stock - now that is very interesting. The same number of shares in the exchange agreement with Media360.

From the Wyoming SOS - Media360 Licensing, Inc.

Initial Filing - 06/17/2016

Media360 was originally incorporated as Best Innovations Inc - the name was changed to Media360 on 09/09/2016.

So DRNK is acquiring a company recently created - and hiding behind a Registered Agent in Wyoming - you have to love these OTCM scams.

IG