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loanranger

03/19/19 8:10 AM

#44460 RE: victorcollins #44459

If they actually file the 2017 10-K by 4/15 as promised it will be interesting to see how they report this:
"On October 26, 2017, Valerie Baugher transferred her 920,000 shares of Series A Preferred Stock to BMG Group, LLC. Ms Baugher is the managing member of BMG Group, LLC. TJ Magallanes sold 3,036,000 shares of his Series A Preferred Stock to BMG Group, LLC. TJ Magallanes retained 644,000 shares of the Series A Preferred Stock. The terms of the Series A preferred stock have not been changed or modified. This is part of an on-going discussions with an investment group to use the officers’ shares as collateral for an investment into the Company."
The above was reported in an 8-K filed on 11/1. It made BMG Group a controlling shareholder, in a position to influence if no make all the Company's major decisions, and as such I would expect some discussion of who they are.