1,166,330,689/$5,000,000*12= $.05144 If our CEO merges in Linux Labs and/or 1 of our new products pops, bringing $5M revenue to SRUP, the math takes the investors to a very nice sweet spot! IMO
RE: On October 14, 2016, our company, Ahmed Guled (the “Selling Stockholder”) and Linux Labs Technologies, Inc., a Georgia corporation entered into a Stock Purchase Agreement, dated October 14, 2016. Ms. Sparrow Marcioni and Mr. Steven James share voting and dispositive control over Linux Labs on a 50/50 basis.
Pursuant to the Purchase Agreement, Linux Labs purchased 1 billion shares of common stock of our company held by the Selling Stockholder, representing approximately 69.90% of the issued and outstanding shares of our common stock at the time.
Upon the consummation of the Stock Purchase Agreement and the transactions contemplated thereby, there was a change in control of our company.
As of October 14, 2016, a change of control of our company occurred, new management was appointed and on October 18, 2016, we established a new wholly owned subsidiary, Sirrus Security Inc., a Georgia corporation. With the change of control and the formation of a wholly-owned subsidiary, our company changed its focus to cyber security.
TAZ