lost track at 165 million family/relatives common
Post# of 13517
(Total Views: 173)
Posted On: 06/02/2024 1:40:04 PM
lost track at 165 million family/relatives common shares
starting on page 27: SCHEDULE 1A3
https://app.quotemedia.com/data/downloadFilin...2017-08-18
sharpen your pencil
interesting names on that list, huh? any posters in here see their name on that list starting on page 27? Of course, the brother of the infamous Ronnie signed off on the acquisition as president of Exolifestyle.
DESIGNATION OF THE SERIES B PREFERRED STOCK
DESIGNATION OF THE SERIES B CONVERTIBLE PREFERRED STOCK
Always look for stuff like this in an 8-K announcing an acquisition agreement. "Imagine" (mock scenario, lol). Exolifestyle being replaced by Snpw and Snpw being replaced by Solray in a similar type of agreement? Who owns the Snpw Series B Preferred Stock? Where would the common shareholder end up?
Section 1 - Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
in my opinion
cheers
starting on page 27: SCHEDULE 1A3
https://app.quotemedia.com/data/downloadFilin...2017-08-18
sharpen your pencil
interesting names on that list, huh? any posters in here see their name on that list starting on page 27? Of course, the brother of the infamous Ronnie signed off on the acquisition as president of Exolifestyle.
DESIGNATION OF THE SERIES B PREFERRED STOCK
DESIGNATION OF THE SERIES B CONVERTIBLE PREFERRED STOCK
Always look for stuff like this in an 8-K announcing an acquisition agreement. "Imagine" (mock scenario, lol). Exolifestyle being replaced by Snpw and Snpw being replaced by Solray in a similar type of agreement? Who owns the Snpw Series B Preferred Stock? Where would the common shareholder end up?
Section 1 - Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
Quote:
On August 17, 2017, EXOlifestyle, Inc. (the “Company”) entered into an Acquisition Agreement with Sun Pacific Power Corp. (“SPPC”) whereby 100% of SPPC was purchased for certain shares of common and preferred shares of the Company (the “Agreement”). Pursuant to the Agreement the shareholders of SPPC shall exchange their shares for shares of EXOL as follows:
Quote:
Section 3. Liquidation. Upon any liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary (a "Liquidation", the Holders shall be entitled to receive out of the assets of the Corporation, whether such assets are capital or surplus, for each share of Preferred Stock an amount equal to the Holder's pro rata share of the assets and funds of the Corporation to be distributed , assuming their conversion of Preferred Stock to Common Stock and if the assets of the Corporation shall be insufficient to pay in full such amounts, then the entire assets to be distributed to the Holders shall be distributed among the Holders ratably in accordance with the respective amounts that would be payable on such shares if all amounts payable thereon were paid in full.
in my opinion
cheers
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