COMMON STOCK

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

COMMON STOCK

NOTE 6 – COMMON STOCK

Common Stock

As of March 31, 2023 and December 31, 2022 there were 7,394,792,892 common shares issued and outstanding.

Class B

Effective March 4, 2020, the Board authorized the issuance of 25,000,000 Class B Common Stock Shares to Ken Tapp, the Company’s Chief Executive Officer, in return for his services as the Company’s Chief Executive Officer from February 1, 2016 to February 29, 2020, which shares are equal to two billion five hundred million (2,500,000,000) votes and have no equity, cash value or any other value.

On May 8, 2020, the Company filed Amended and Restated Articles of Incorporation in Nevada to increase its authorized shares from 2,500,000,000 to 10,000,000,000 Shares and its Preferred Shares from 100,000,000 to 300,000,000 Shares.

Effective March 28, 2021, the Company’s Board unanimously approved the issuance of fifty million (50,000,000) Class B Common Stock Shares to Ken Tapp, the Company’s Chief Executive Officer, in return for his services as its Chief Executive Officer from March 1, 2020 to February 28, 2021, which shares are equal to five billion (5,000,000,000) votes and otherwise have no equity, cash value or any other value.

On January 25, 2023, the Company’s Board unanimously approved the issuance of twenty-five million (25,000,000) Class B Shares to Ken Tapp, its Chief Executive Officer, which shares are equal to two billion five hundred million (2,500,000,000) votes and otherwise have no equity, cash value or any other value.

As of March 31, 2023, the Company’s Chief Executive Officer controls approximately in excess of 98% of shareholder votes via its issuance of 100,000,000 Class B Shares to Ken Tapp, thereby controlling over 10,000,000,000 votes.

Class A Preferred Stock

As of March 31, 2023 and December 31, 2022, the Company had 300,000,000 shares of preferred stock authorized with no preferred shares outstanding.

On June 30, 2021, the Board unanimously approved the adoption of the Certificate for 100,000,000 Series A Cumulative Convertible Preferred Stock (the “Certificate”), which Certificate was filed in Nevada on June 30, 2021 and became effective on July 6, 2021. The Stock Certificate, provides that, among other things, that each Preferred A Share has the right to convert each Series A Preferred Share into 20 Common Stock Shares, and has liquidation rights over all other series of Preferred Stock.