SEC Form 4 · accession 0001294447-18-000005
Encounter Technologies, Inc. · ENTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randolph S Hudson
Officer — Chairman, Pres., CEO, Sec., · Director · 10% Owner · Other
Period of report
Aug 24, 2018
Accepted (ET)
Aug 27, 2018 · 9:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001109697
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par value per shareF2,F3 | Aug 24, 2018 | I | 2,272,449,597 | $50.00 | D | 12,877,214,383 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In exchange for the valuable consideration received by the Reporting Person from Schooner Equities, LLC, a Wyoming limited liability company, between approximately July 1, 2015 and July 26, 2018, the Reporting Person effected a discretionary transaction to dispose of the number of shares of the Issuer's securities reported hereunder.
- F2The consideration received by the Reporting Person from Schooner Equities, LLC; however, the Reporting Person deems the consideration for the shares at the trading price on the determination date, which was $0.0001 per share.
- F3As the result of the transaction being reported hereunder, the Reporting Person is no longer the majority holder of the Issuer's common stock. Moreover, the Reporting Person's percentage ownership of the Issuer's common stock as the result of the transaction reported hereunder is 42%.
Remarks
Notwithstanding the effect of the transaction reported hereunder, the Reporting Person remains the issuer's control stockholder by virtue of his beneficial ownership of the total issued and outstanding shares of the Issuer's Series A Preferred Stock.