Timing101
2 days ago
Hmm, lets see what this does to the trading of DUTV in the very near future if it adds volume. Volume will come from conversion as there are billions more shares now added to the Share Structure. One has to expect the traders in OTC Land to know that immediately and with the 8-k providing no catalysts of sales, revenue, contracts just adding more Shares to the Share Structure in the amounts below, would not expect a big jump in trading . Lets see.
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Do the Math
PRIOR to this 8-k
a. There were 3,900,000,000 shares Authorized
b. There were 3,353,646, 557 Outstanding .
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CURRENT:
From this 8-k (not including the 140 plus million going to the attorney in 90 days) NEW the cancelation of Dakota Max and the other was done March 31, 2024 in this agreement so WILL NOT be deducted from the FILING NEW ISSUED
a. There are 3,763,000,000 Of NEW ISSUED COMMON SHARES (to Malcolm, Naomi , SCI etc ) Plus SCI now has Preferred C Shares 198 Million)
b. There ar 5,000,000 ,000 of NEW ISSUED Preferred C Shares which can be converted to common shares .
c. That is adding 5,000,000,000 Billion MORE shares to the equation .
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Filing read the Math.
https://www.otcmarkets.com/filing/html?id=17455311&guid=97Q-kKuJUT9mB3h
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Item 2.01 Completion of Acquisition
On April 15, 2024, Digital Utilities Ventures, Inc., a Delaware Corporation (the “Company”), entered into a Common Stock Purchase Agreement (“Agreement”), made effective March 31, 2024, by which it acquired a majority interest in Easy Energy Systems Technologies, LLC, a Minnesota limited liability company (“EEST”) and wholly owned subsidiary of Easy Energy Systems, Inc., a Minnesota Corporation (“EES”), and Easy Modular Manufacturing, Inc., a Minnesota Corporation (“EMM”), wholly owned by the Mark and Shauna Souza Gaalswyk Irrevocable Trust, a Minnesota Trust (“Trust”), in exchange for shares of common and preferred stock of the Company.
In consideration of acquisition of a majority interest in EEST and EMM, the Company has agreed[i] to issue 3,763,000,000 shares of common stock as follows:
(i) 1,796,342,500 to EES (a company controlled by Mark Gaalswyk);
(ii) 1,578,657,500 to the Trust;
(iii)
50,000,000 to Malcolm Nickerson for cancellation of the Dakota Max, LLC shares below;
(iv) 198,000,000 to Noemi Gil Espinal for services; and
(v) 140,000 to SCI, Inc., a Colorado Corporation (“SCI”) in exchange for restatement of certain debt.
Additionally, the Company has agreed to authorize 5,000,000,000 shares of Class “C” Preferred shares and to issue Class “C” Preferred Shares as follows:
(i) 2,434,756,098 to EES;
(ii) 2,140,243,902 to the Trust; and
(iii) [b]195,000,000 to SCI Inc. for cancellation of certain debt.[/b]
The Class “C” Preferred Shares have conversion rights into Class A Common Stock on a 1:1 basis and also carry a 10:1 voting preference in relation to the Class A Common.
In connection with the Agreement, the Company’s controlling common shareholder of issued Class A common stock, Dakota Max, LLC, a Wyoming limited liability company (“Dakota”), agreed to cancel 2,280,584,037 shares of common stock, which represented 100% of all shares owned by Dakota, effective as of March 31, 2024. Also in connection with the Agreement, the Company’s greater than 5% holder, Inna Sheveleva, agreed to cancel 140,016,912 shares of common stock comprising 50% of all shares owned by her, effective as of March 31, 2024.
The Company has restructured its outstanding debt, currently in excess of $4,100,000, to remove all conversion rights and reduce interest rates of 18% and 8% to 5% per annum.
The Agreement was consummated on April 15, 2024, but was made effective as of March 31, 2024 for accounting and operational purposes going forward.