Replies to post #73053 on BlockQuarry Corp (BLQC)

[TeddyCaswell]

At least we’ll stay Current.

[loanranger]

Maybe the saddest set of financials ever. The parts that are right are sad and the parts that are wrong are even sadder.

From the Note 9–Changes in Stockholders’ Equity(Deficit) (p.21):
Common Stock Issuances for Debt Conversions (2019)
During the three months ended March 31, 2019, the Company issued a total of 13,325,000 shares of common stock pursuant to the conversion of an aggregate $48,507 of debt, consisting of $44,533 of principal and $3,974 of accrued interest. The notes were converted in accordance with the conversion terms; therefore, no gain or loss has been recognized.

From the STATEMENT OF STOCKHOLDERS' DEFICIT (p.4)
Common stock issued for conversion of debt--202,819,435

Someone is sure to say that the above was just a simple mistake (the same page shows "Common Stock Issuances for Debt Conversions (2018)During the three months ended March 31, 2018, the Company issued a total of 13,325,000 shares of common stock ...") but the people who might believe that don't know Alonzo Pierce. It's exactly the kind of "mistake" he's known to make.

https://backend.otcmarkets.com/otcapi/company/financial-report/221073/content


And something that's in EVERY filing that needs to be repeated here every time as well:
"The collective outstanding shares of Series E Preferred Stock are entitled to twice the number of votes of all outstanding shares of capital stock such that the holders of outstanding shares of Series E shares shall always constitute sixty-six and two thirds (66 2/3rds) of the voting rights of the Corporation."

"On March 6, 2015, the Company issued 1,000,000 shares of Series E Preferred Stock to Alonzo Pierce, the Company’s President and Chairman of the Board for services provided."
While it says that "the Company issued 1,000,000 shares of Series E Preferred Stock to Alonzo Pierce" the fact is that Alonzo Pierce issued them to Alonzo Pierce.