Did Marc create and sign the GDSM Amendment on Jan
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Did Marc create and sign the GDSM Amendment on January 14, 2012 so more shares could be dumped during the pump program? GDSM already had dumped millions of shares but appears he was ready to dump millions more until GDSM fell off the cliff in February as 650,232,950 shares were traded.
This is the same Marc Lovito who promised transparency, no dilution, no convertible notes and no R/S. Since there is no transparency and massive dilution, is a R/S next up on deck.
Marc filed the Amendment to increase the conversion rate on the Series E shares from 1-1 to 15-1 in August. WHY DIDN'T HE FILE THE A/S AMENDMENT AT THE SAME TIME????????????????
607.1001 Authority to amend the articles of incorporation.—
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(1) A corporation may amend its articles of incorporation at any time to add or change a provision that is required or permitted in the articles of incorporation or to delete a provision not required in the articles of incorporation.
(CORPORATE FAQ) 42. What is an effective date? When should I list an effective date?
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A document submitted with the required filing fee and meeting the required statutory filing requirements will be filed as of the date it is received by this office. If an acceptable effective date is listed, the document will be filed on the date of receipt, but will be effective on the specified "effective date", not the filed date. Articles of Incorporation for a new Florida corporation and Articles of Organization for a new Florida limited liability company may specify an effective date no more than five business days prior to or 90 days after the date of filing.
http://www.flsenate.gov/Laws/Statutes/2011/607.1001
http://www.flsenate.gov/Laws/Statutes/2011/607.0120
http://www.sunbiz.org/faqcor.html#fortytwo