First off, it was 11 Ventures, LLC, that was given the stock, and we don't know what they were given the stock for. I do realize the principle "guy" is the same, but the one you've dug out is a hedge fund. The guy seems to have a number of LLC's floating around. I answered the question, it's just the answer didn't fit the fairy tale. Here's more:
On page 14 of this company's most recent financial disclosure, it shows no assets other than cash and accounts receivable of $46,800. It also just happens to show that same amount as "third party convertible debt." Doesn't show who they owe that to or what the terms of conversion are, typical stinky pink practice when they don't want anybody to know who's behind the scenes making money from the eventual dump. On page 15, you'll note the complete lack of revenue from "business operations," and that's because there aren't any.
The sticky was dead on when posted, sorry. The statement that this company "owns absolutely nothing" and "has no business operations whatsoever" is also accurate. 11 Ventures, LLC apparently likes to play stinky pinks as a side business.
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