Posted On: 11/04/2013 9:51:26 AM
Post# of 72721
ACDU 8k Confirming...
ACCREDITED BUSINESS CONSOLIDATORS CORP. FILES (8-K) Disclosing Changes in Control or Registrant Edgar Online "Glimpses"
ITEM 5.01 Changes in Control of Registrant
Equity members of My Pleasure Ltd. , the Company's preferred shareholder, entered into a private transaction valued at $18,300,000 with Abraham Blauvelt Ltd. to sell its 500,000,000 preferred shares.
This transaction provides Abraham Blauvelt Ltd. with controlling ownership of AccreditedBiz. Each preferred share provides a single vote similar to the common shares. Therefore, Abraham Blauvelt Ltd. will control fifty-three percent (53%) of the voting majority.
ACCREDITED BUSINESS CONSOLIDATORS CORP. FILES (8-K) Disclosing Changes in Control or Registrant Edgar Online "Glimpses"
ITEM 5.01 Changes in Control of Registrant
Equity members of My Pleasure Ltd. , the Company's preferred shareholder, entered into a private transaction valued at $18,300,000 with Abraham Blauvelt Ltd. to sell its 500,000,000 preferred shares.
This transaction provides Abraham Blauvelt Ltd. with controlling ownership of AccreditedBiz. Each preferred share provides a single vote similar to the common shares. Therefore, Abraham Blauvelt Ltd. will control fifty-three percent (53%) of the voting majority.
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