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NOTE 7. RELATED PARTIES
12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
NOTE 7. RELATED PARTIES

NOTE 7.  RELATED PARTIES

 

On May 2, 2017, the Company authorized and issued 206,250,000 shares of BCI’s Series A Convertible 12% Cumulative Preferred stock at a price of ($.001 par value) per share to The 2GP Group LLC an entity controlled by Geordan Pursglove, President, CEO and Director. The Series A Convertible 12% Cumulative Preferred stock include a three times (3x) voting preference. During 2017 Mr. Geordan Pursglove also has advanced the Company $46,275 to pay certain company related expenses. During year ended December 31, 2018 Mr. Geordan Pursglove advanced an additional $153,536.

 

Also, on May 2, 2017 the Pursglove judgement was reduced by $262,453 through the issuance of 250,000,000 shares of Series A Convertible 12% Cumulative Preferred stock of which 43,750,000 were transferred to Fiona Oakley and 1,556,632 shares of Common Stock which also were issued to Fiona Oakley subsequent to this reduction.