Looking at the Nevada SOS filing, I am guessing there is an issue with the shares as stated.
Form 10
Authorized Capital Stock
The authorized capital stock of the Company currently consists of 7,000,000,000 shares of common stock, par value $0.0001 per share, of which there are 2,405,413,500 issued and outstanding. The following summarized the important provisions of the Company’s capital stock.
Common Stock
Holders of shares of common stock are entitled to one vote for each share on all matters to be voted on by the stockholders. Holders of common stock do not have cumulative voting rights and are not subject to such state laws that would require or facilitate cumulative voting rights. Holders of common stock are entitled to share ratably in dividends, if any, as may be declared from time to time by the Board of Directors in its discretion from funds legally available therefor. In the event of a liquidation, dissolution or winding up of the company, the holders of common stock are entitled to share pro rata all assets remaining after payment in full of all liabilities. All of the outstanding shares of common stock are fully paid and non-assessable.
No stockholder of the Company shall, solely by reason of being a stockholder, have any preemptive right to acquire additional, unissued or treasury shares of the Company, or securities convertible into or carrying a right to subscribe to or to acquire any shares of any class of the Company now or hereafter authorized.
Preferred Stock
The Board of Directors is authorized to provide for the issuance of shares of preferred stock in series and, by filing a certificate pursuant to the applicable law of Nevada, to establish from time to time the number of shares to be included in each such series, and to fix the designation, powers, preferences and rights of the shares of each such series and the qualifications, limitations or restrictions thereof without any further vote or action by the shareholders. As of the date of filing of this registration statement, no shares of preferred stock have been authorized, issued or are outstanding.
In the event that our Board of Directors of the Company determines to authorize and issue one or more series of preferred stock, the issuance of shares of preferred stock, or the issuance of rights to purchase such shares, could be used to discourage an unsolicited acquisition proposal. For instance, the issuance of a series of preferred stock might impede a business combination by including class voting rights that would enable the holder to block such a transaction or facilitate a business combination by including voting rights that would provide a required percentage vote of the stockholders. In addition, under certain circumstances, the issuance of preferred stock could adversely affect the voting power of the holders of the common stock. We have no present plans to issue any preferred stock.
The description of certain matters relating to our securities and our articles of incorporation is a summary and is qualified in its entirety by the provisions of our Amended Articles of Incorporation and Bylaws, copies of which have been filed as exhibits to this Form 10.
Nevada SOS
Class/Series Type Share Number Value
Authorized 700,000,000 0.000100000000
Authorized 50,000,000 0.001000000000
Page 1 of 1, records 1 to 2 of 2 Number of No Par Value Shares:0 Total Authorized Capital:750,000
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