Bumpercars, you’re totally correct filling and notes show it all. It’s clear Taiwo Aimasiko, CEO intentionally deceived all shareholders by her actions. Her intention was clear before BMXC repaid Crown Bridge Partners, LLC., principal loan $46,000 at the end of 2016. Than only to “retire” (150,000 common shares) on January 23, 2017 Common Shares for Preferred Shares series “B”. All she did was convert by manipulating financials. Couple by the 3 toxic loans due (2017 December 22, 28 and 30 for a total $316,000) the series “B” (“RETIRED” common shares) can and “WILL” be converted back to Common Stock @ 3 to 1 ratio. All she did was pull the wool over investor’s eye for 1 year.
Take the time to read 10K, 10Q and 8K’s you will see her intentions are clear with the pattern established. Sure is funny, the big interview (October 19, 2017) is no longer available, at the end the speaker did nothing but “PUMP” how important shareholder value was, that’s their main goal. All BS!
On December 28, 2016, the Company issued a Convertible Promissory Note in favor of Crown Bridge Partners, LLC. The principal amount of the loan is $46,000 with an original issue discount of $6,000 and carries an interest rate of 8% per annum.
On January 23, 2017, the Board of Directors designated a series of preferred stock titled Series B Preferred Stock consisting of 50,000,000 shares with a $0.0001 par value. Each share of Series B preferred stock has voting rights of 10 votes per share, and will vote alongside the common stock, not as a separate class. Each share of preferred stock can be converted into three shares of common stock at any time after a one-year anniversary. Holders are entitled to dividends, if declared, equivalent to if they had converted to common stock. The Series B preferred stock have no liquidation rights.
On January 24, 2017, the Company allowed Taiwo Aimasiko, its CEO to retire 150,000,000 shares of common stock in exchange for 50,000,000 Series B preferred shares.
On May 18, 2017, the Company amended its Articles of Incorporation increasing the authorized issue of common stock from 500,000,000 to 850,000,000. The par value remains the same at $0.0001 per share.
Take the time to read 10K, 10Q and 8K’s you will see her intentions are clear with the pattern established. Sure is funny, the big interview (October 19, 2017) is no longer available, at the end the speaker did nothing but “PUMP” how important shareholder value was, that’s their main goal. All BS!
On December 28, 2016, the Company issued a Convertible Promissory Note in favor of Crown Bridge Partners, LLC. The principal amount of the loan is $46,000 with an original issue discount of $6,000 and carries an interest rate of 8% per annum.
On January 23, 2017, the Board of Directors designated a series of preferred stock titled Series B Preferred Stock consisting of 50,000,000 shares with a $0.0001 par value. Each share of Series B preferred stock has voting rights of 10 votes per share, and will vote alongside the common stock, not as a separate class. Each share of preferred stock can be converted into three shares of common stock at any time after a one-year anniversary. Holders are entitled to dividends, if declared, equivalent to if they had converted to common stock. The Series B preferred stock have no liquidation rights.
On January 24, 2017, the Company allowed Taiwo Aimasiko, its CEO to retire 150,000,000 shares of common stock in exchange for 50,000,000 Series B preferred shares.
On May 18, 2017, the Company amended its Articles of Incorporation increasing the authorized issue of common stock from 500,000,000 to 850,000,000. The par value remains the same at $0.0001 per share.
