Looks like they are diluting the shares again. Gu
Post# of 1714
Posted On: 05/10/2016 6:34:11 PM
Looks like they are diluting the shares again. Guess they will be doing another reverse split down the road.
Form 8-K for HIGH PERFORMANCE BEVERAGES CO.
2-May-2016
Unregistered Sale of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities.
On April 22, 2016, High Performance Beverages Company, a Nevada corporation (the "Company"
approved the issuance of 100,000,000 shares of common stock, par value $0.00001, to Toby McBride and 100,000,000 shares of common stock, par value $0.00001, to Michael Holley (the "Issuance". The Issuance was made in consideration for their services and contribution to the Company, including but not limited to implementing a new product line of drinks with two flavors, attracting new athletes to the Company, hiring a new marketing firm allowing the Company to increase visibility and consumer confidence and exploring licensing avenues to allow the production of the Company's products in other, foreign markets.
On April 22, 2016, the Company also approved the issuance of 50,000,000 shares of common stock of the Company, par value $0.00001, to Sichenzia Ross Friedman Ference LLP ("SRFF" in satisfaction of $50,000 owed by the Company to SRFF for legal services.
The issuance of these securities was deemed to be exempt from the registration requirements of the Securities Act of 1933 by virtue of Section 4(a)(2) thereof, as a transaction by an issuer not involving a public offering.
Form 8-K for HIGH PERFORMANCE BEVERAGES CO.
2-May-2016
Unregistered Sale of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities.
On April 22, 2016, High Performance Beverages Company, a Nevada corporation (the "Company"
approved the issuance of 100,000,000 shares of common stock, par value $0.00001, to Toby McBride and 100,000,000 shares of common stock, par value $0.00001, to Michael Holley (the "Issuance". The Issuance was made in consideration for their services and contribution to the Company, including but not limited to implementing a new product line of drinks with two flavors, attracting new athletes to the Company, hiring a new marketing firm allowing the Company to increase visibility and consumer confidence and exploring licensing avenues to allow the production of the Company's products in other, foreign markets. On April 22, 2016, the Company also approved the issuance of 50,000,000 shares of common stock of the Company, par value $0.00001, to Sichenzia Ross Friedman Ference LLP ("SRFF"
in satisfaction of $50,000 owed by the Company to SRFF for legal services. The issuance of these securities was deemed to be exempt from the registration requirements of the Securities Act of 1933 by virtue of Section 4(a)(2) thereof, as a transaction by an issuer not involving a public offering.
(0)
(0)