SEC Form 4 · accession 0001109697-18-000004
IDGLOBAL CORP. · IDGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Encounter Technologies, Inc.
10% Owner · Other
Period of report
Apr 4, 2018
Accepted (ET)
Apr 5, 2018 · 3:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001391143
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series A Preferred StockF1,F2,F3,F4 | Apr 4, 2018 | J | 71,000,000 | $0.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Series A Preferred Stock, $0.00001 par value per share.
- F2The Issuer, the Reporting Person, and Sebastien C. DuFort, the Issuer's sole officer and director, entered into a Rescission Agreement and Mutual Release on April 4, 2018; whereby, the Reporting Person returned the control shares held by it in the Issuer to Mr. DuFort.
- F3On December 15, 2017, the Reporting Person and Sebastien DuFort, the Issuer's sole officer, director, and control person entered into a Stock Purchase Agreement; whereby, the Reporting Person acquired approximately 51% of the Issuer's control stock. On April 4, 2018, the Reporting Person, the Issuer, and Mr. DuFort rescinded that certain stock purchase transaction, which resulted in the Reporting Person returning the control shares held by it in the Issuer to Mr. DuFort.
- F4There was no consideration exchahged among the parties, as the initial stock purchase transaction was rescinded on April 4, 2018.
Remarks
In addition to the rescission of the securities transaction reported hereunder, the Issuer's sole officer, director, and control shareholder, Sebastien C. DuFort, did submit his voluntarily resignation to and from the Reporting Person's Board of Directors.