Here's the Reader's Digest version. In 2014.......
LVVV paid Bob Corr for his Preferred A control shares of APRU. The agreement was announced in March 2014, and the next month Tony filed a Designation with the TX SOS for Preferred B shares, that included some convoluted formula for control of the company.
When Bill and Bob realized what he did they realized an audit would expose this "contradiction" in control, so the deal was called off. In any corporation's corporate documents, control has to be explained or defined, and same with a LLC. Tony "highjacked' the deal and APRU was basically dormant for a few years, but then Tony starting making noise.
On May 10, 2018 the Company issued 75 shares of its series B preferred convertible stock to David Torgerud pursuant to employment agreement signed March 2014. The shares were issued for control and at par value of $0.0001.
On September 5, 2018 the Company cancelled 750,000 shared of its series A preferred convertible stock to Robert J. Corr. The shares were cancelled as a part of the control transaction and at par value of $0.0001.
Even though Tony left the issued and outstanding Preferred A's of 3,250,000 out of the last filing, they were not cancelled per the TA. Nothing has changed since Tony filed this 5 years ago.
On July 17, 2019, the Company canceled 1,000,000 shares of its series A preferred convertible stock to LiveWire Ergogenics, Inc. (LVVV)
At December 31, 2020 and December 31, 2019 there are 3,250,000 and 3,250,000 shares of Series “A” Convertible Preferred Stock issued and outstanding, respectively. These shares have been bought back by the company but certificates are lost and shareholders are working to get final cancelation.
At December 31, 2020 and December 31, 2019 there are 75 and 75 shares of Series “B” Convertible Preferred Stock issued and outstanding, respectively.
The B's cancel out the A's according to the preferences. It's a corporate mess Tony created, and until it's cleaned up, control of APRU is in question.
CERTS get lost all the time and the TA's have a form that is filled out by the owner. The lost CERT numbers are cancelled, and CERTs with new numbers are issued. The TA knows who owns what, so there really is no such thing as a lost CERT.
Tony says he paid for those A shares to be cancelled. Well, it sure looks like he got PUNK'd!
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