surfkast
2週前
Without dilution how will they pay off the notes? The one for $190,000 comes due in January!
They sold 665,000,000 unrestricted shares. Now they withdrew the offering.
As of 9/30 they had 1,483,994,694 shares outstanding.
As of 9/30 they had notes payable in the amount of $283,195 per their filings. The property in Wisconsin has a total outstanding principal balance of $190,000.
Carnes holds notes for the balance of the $283,195 or $93,195. If one looks at the filings Carnes has been getting paid back.
Since they have no real business based on the facts that they had revenue of only $ 7,750 for the nine months ended 9/30 and cash on hand of $3,324 hey will need to raise funds to pay off the property.
And per the chart below they have notes.
Promissory and Convertible Notes
5/9/2023 $1,0251,2 $2,525 -0- None None Stephen W. Carnes Operating
expenses
5/24/2023 -0- $15,000 -0- None None
Leo’s New Company,
LLC (controlling
person is Miguel
Santana)
Operating
expenses
6/29/2023 $5,0002 $5,000 -0- None None Stephen W. Carnes Operating
expenses
7/7/2023 $3,6602 $3,660 -0- None None Stephen W. Carnes Operating
expenses
8/7/2023 $2,5002 $2,500 -0- None None Stephen W. Carnes Operating
expenses
8/10/2023 $31,1852 $40,000 -0- None None Stephen W. Carnes Operating
expenses
8/11/2023 $190,0002 $190,000 -0- None None
Gallagher Holdings,
Inc. – Dr. Cory
Gallagher
Operating
expenses
9/25/2023 $20,000 $20,000 -0- None None Stephen W. Carnes Operating
expenses
11/3/2023 $16,000 $16,000 -0- None None Stephen W. Carnes Operating
expenses
12/4/2023 $10,000 $10,000 -0- None None
Tocca Life Holdings
(Stephen W. Carnes)
Operating
Expenses
4/11/2024 $5,000 $5,000 -0- None None Stephen W. Carnes Operating
expenses
OTC Markets Group Inc.
Disclosure Guidelines for the Pink Market (v5 December 18, 2023) Page 7 of 13
5/3/2024 $5,000 $5,000 -0- None None
Tocca Life Holdings
(Stephen W. Carnes)
Operating
Expenses
8/26/2024 $4,000 $4,000 -0- None None Stephen W. Carnes Operating
expenses
9/27/2024 $1,000 $1,000 -0- None None Stephen W. Carnes Operating
expenses
Note 2: On May 18, 2023, the Company’s wholly owned subsidiary BadgerBloX entered into a real estate purchase agreement to acquire a property in
Gillett, Wisconsin. The property consists of both land and building which contains both office space and warehouse production space. On August 11, 2023
the Company completed the purchase of the property. The acquisition price of the property was $240,000, and the Company has been provided title to
this property. The prior owner is holding a note on the land, and the Company has agreed to make interest only payments for 18 months. At closing the
prior deposit of $10,000 was credited to the note balance, and the Company paid an additional $40,000 towards the principal amount due. At September
30, 2024, the total outstanding principal balance is $190,000
https://www.otcmarkets.com/otcapi/company/financial-report/414686/content
surfkast
2週前
Why this is a scam.
Unrestricted Reg A shares and Carnes notes equal billions of shares.
8/14/2023 New
Issuance 70,000,000 Common $35,000 n/a
Leo’s New
Company, LLC –
Miguel Santana
Subscription
Agreement Unrestricted Reg A
8/14/2023 New
Issuance 70,000,000 Common $35,000 n/a
Emerging
Elements, Inc. –
Rebecca Miller
Subscription
Agreement Unrestricted Reg A
1/10/2024 New
Issuance 75,000,000 Common $15,000 n/a
Leo’s New
Company, LLC –
Miguel Santana
Subscription
Agreement Unrestricted Reg A
2/16/2024 New
Issuance 75,000,000 Common $15,000 n/a
Emerging
Elements, Inc. –
Rebecca Miller
Subscription
Agreement Unrestricted Reg A
2/20/2024 New
Issuance 75,000,000 Common $15,000 n/a
Leo’s New
Company, LLC –
Miguel Santana
Subscription
Agreement Unrestricted Reg A
4/24/2024 New
Issuance 100,000,000 Common $20,000 n/a
Leo’s New
Company, LLC –
Miguel Santana
Subscription
Agreement Unrestricted Reg A
6/10/2024 New
Issuance 100,000,000 Common $20,000 n/a
Leo’s New
Company, LLC –
Miguel Santana
Subscription
Agreement Unrestricted Reg A
6/20/2024 New
Issuance 100,000,000 Common $20,000 n/a
Leo’s New
Company, LLC –
Miguel Santana
Subscription
Agreement Unrestricted Reg A
Now look at the operating expenses. Looks like they spent a minuscule amount on their business.
One storage shed built?
Operating Expenses
Construction 800 – 9,761 –
Consultants & contractors 17,100 – 45,200 –
General and administrative 4,713 22,086 9,931 24,977
Legal & professional fees 2,000 19,362 8,000 43,119
Property taxes – – 1,579 –
Repairs & maintenance – – 97 –
Supplies 516 – 4,292 –
Utilities 612 – 3,204 –
Total Operating Expenses 25,741
At September 30, 2024, the total outstanding
principal balance is $190,000.
https://www.otcmarkets.com/otcapi/company/financial-report/414686/content