The Over-the-Counter (OTC) Market is a decentralized market where the trading of financial instruments takes place directly between two parties, or through a network of broker-dealers, without the supervision of a formal, centralized exchange like the New York Stock Exchange (NYSE) or Nasdaq.
For sale a XXXXXXXXX, Inc. (OTC: XXXX) is a Delaware-incorporated company, initially incorporated 30 years ago with a corporate purpose related to Sports Entertainment (It can be changed!).
Corporate Status & Reporting
The company is a QB Qualified company quoted on OTC – Other and is an SEC Reporting Issuer. It files reports with the SEC , is current in state and federal filings , and reports as an SEC Reporting Audited company. SportsQuest is DTC Eligible and is an Active Qualified Co under 15c211. The fiscal year-end is December 31.
Capitalization Overview
| Category |
Details |
| Common Shares Authorized |
|
$5,000,000,000$
|
| Common Shares Outstanding |
|
TBD
|
| Common Shares Float |
|
TBD
|
| Par Value of Stock |
|
$\$0.001$
|
| Shareholders of Common Shares |
|
TBD
|
| Preferred Share Classes |
2 Classes (A & B)
|
Preferred Shares Details
- Class A Preferred Shares
- Authorized: $1,200,000$
- Outstanding: $1,200,000$
- Conversion: Converts at a ratio of 500 shares of Common Stock for each 1 share of Series A Preferred Stock
- Voting Rights: The total aggregate issued shares of Series A Preferred Stock have voting rights equal to three (3) times the sum of the total number of issued and outstanding Common Stock plus the total number of votes granted to any other outstanding preferred stock series
- Class B Preferred Shares:
- Authorized: $1,000,000$
- Conversion: Converts at a ratio of 100 shares of Common Stock for each 1 share of Series B Preferred Stock
- Voting Rights: Each share has one hundred (100) votes for any election or other vote placed before the shareholders. They are described as having super voting and anti-diluting features.
Business Model & Operations
Firm´s current business model centers on being a Sports and hospitality company.
Keypoints
| Role |
Firm/Name |
| Transfer Agent |
TBD
|
| Securities Counsel |
TBD
|
| Auditor |
Jefferies International
|
| Corporate Consultant/M&A Firm |
TBD
|
| Lead Investor/Underwriter |
TBD
|
| General & Litigation Counsel |
TBD
|
