1PM INDUSTRIES, INC. (OTCMKTS:OPMZ) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities.
On May 22, 2017, the Company issued 24,557,492 shares of its
common stock to JSJ in exchange for $13,506.62 of principal
balance of the $55,000 Convertible Note. The remaining balance on
the note is approximately $4,621.21.
Item 8.01. Other Events.
The Company acquired NG Advisors from its members on February 23,
2017. As part of the acquisition, the members of NG Advisors
didnt receive any additional stock or cash from the transaction.
The members already were the majority shareholders of the Company
and owned 50% Series F Preferred Stock (held by Wade Billington
Partners). As a private company, the profits of NG Advisors and
consulting operations were distributed to its members in
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