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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
NOTE 11 - SUBSEQUENT EVENTS

Subsequent to our six months ended June 30, 2017 and the date of this Report, the Company issued the following shares of common stock in connection with the convertible notes and took the following actions:

 

On August 29, 2017, the Company filed a Definitive 14C with the following provisions. The purpose of this Information Statement is to inform the holders of record, as of the close of business on August 4, 2017 (the “Record Date”), of shares of all series of stock with voting power of Elite Data Services, Inc., a Florida corporation (the “Company,” or the “Corporation”), that our Board of Directors and majority shareholder of approximately 100.00% of our Series B preferred stock , having voting rights equal to 1000:1 and representing approximately 88.00% of total voting rights, as of the Record Date have giving written consent as of August 4, 2017, to approve the following:

 

(a) To change of corporate name from Elite Data Services Inc. to WOD Retail Solutions Inc.

 

(b) To increase the authorized capital stock of the Corporation to 10,500,000,000 shares, of which 10,000,000,000 shares shall be Common stock, par value $ 0.0001, and 500,000,000 shares shall be preferred stock, par value $0.0001, as set forth on the proposed Amendment to the Amend and Restated Articles of Incorporation, attached hereto as Exhibit A;

 

(c) To pre-approve up to 1 for 10,000 reverse stock split, which shall be effected at the sole discretion of the Board of Directors at any time on or before December 31, 2017, and after the date that is 20 calendar days after the mailing of this Information Statement.

 

On August 4, 2017, our Board of Directors and one shareholder who holds a majority of our outstanding Series B Preferred Stock, having voting rights equal to 1000:1 and representing approximately 88.00% of total voting rights, executed a written consent in favor of the actions described above that is described in greater detail in the Information Statement accompanying this notice. This consent will satisfy the stockholder approval requirement for the proposed action. The foregoing actions will not become effective before a date, which is twenty (20) calendar days after this Information Statement is first provided to Stockholders. The entire cost of furnishing this Information Statement will be borne by the Company.

 

On October 26, 2017, the Company issued 7,363,900 common shares for the conversion of $736.39 of convertible debt.

 

On November 17, 2017, the Company issued 7,491,667 common shares for the conversion of $1,123.75 of convertible debt.

 

On December 1, 2017, the Company issued 8,175,000 common shares for the conversion of $408.75 of convertible debt.

 

On December 13, 2017, the Company issued 24,350,921 common shares for the conversion of $1,483.41 of convertible debt.

 

On December 14, 2017, the Company issued 8,050,000 common shares for the conversion of $402.50 of convertible debt.