Replies to post #53 on Guskin Gold Corp (GKIN)

[Biddock1]

What happens to the 90 million shares issued to the old CEO Mr Silverman? Since the company was bought in February filing
Item 5.01 Changes in Control of Registrant.

 

On the Closing Date, pursuant to the terms of the Stock Purchase Agreement, the Purchaser purchased the Shares, representing 94.58% of the total issued and outstanding stock of the Company, from the Seller.  In exchange for the controlling shares of the Company, Purchasers agreed to pay the Purchase Price, as referenced in Item 1.01 above.