In connection with the transaction outlined in Items 1.01 and 1.02 above, specifically relating to the transfer of 171,292,500 shares of the Company’s restricted Common Stock from Stephanie Hirsch, the Company’s former President and Secretary, to Stacy Josloff, the Company’s sole officer and director as of this filing, Josloff currently owns 355,585,000 or 49.7% of the Company’s outstanding shares of 714,894,814.
In addition, Josloff currently holds a Convertible Note from the Company and upon conversion is due to be issued 310,000,000 shares of the Company’s restricted Common Stock. The number of shares underlying this derivative security taken together with the 355,585,000 shares already owned by Josloff, brings her beneficial ownership to 665,585,000 or 64.9% of the Company’s shares outstanding upon conversion of the above-mentioned note.
Right, and I am glad that she assumed them and didn't let Hirsch dump them out like a typical penny would do. That tells me that she at least has a long term outlook here and has an intent to built up share holder value. She let her go because her 'big' money wasn't happy with her and is supposedly bring in "More" and New money because of it.....
Tight float! Audited fins coming! Online shopping coming! New store coming! Star studded connected! Media power!
The last 2 are easily DD'd by past performance.
Lot's to look forward to and the party hasn't even started. IMO
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