So, a reverse split is in your future, and the last point means the preferred shares will be turning into super shares for the insiders....looks pretty typical to me.
Second: The Company has partnered with Global Imperium Inc., who specializes in Financing, M&A, Joint Ventures and Reverse Mergers. It is in discussions on behalf of Bell Buckle with companies in more cutting edge industries like AI, bio/medical, communications and energy. Updates will be made as appropriate.
Third: The Company will bring on a new management team, either in connection with a new merger or to help expedite one. The Board of Directors has the experience, expertise and knowledge to assist in this and once a new merger is achieved will evaluate its position.
Fourth: The Authorized Shares will be reduced from 5,000,000,000 to 3,000,000,000, effective immediately. The terms of Series C Preferred Shares will be revised to take into account the Jump Start Sports divestiture.