Randolph S. Hudson - 16 Oct 2018 Form 4 Insider Report for Encounter Technologies, Inc.

Role
COB, Pres., CEO, Acting CFO, Director, Control Stockholder, 10%+ Owner
Signature
Randolph S. Hudson
Issuer symbol
N/A
Transactions as of
16 Oct 2018
Net transactions value
-$12,500,000,000
Form type
4
Filing time
30 Sep 2022, 21:53:29 UTC
Previous filing
04 Oct 2018
Next filing
11 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENTI Common Stock, $0.001 par value per share Purchase $12,500,000,000 -250,000,000 -2% $50.00* 12,527,214,383 16 Oct 2018 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person's shares were transferred to Joseph Cicherillo pursuant to an employee compensation plan.
F2 For U. S. Internal Revenue Service and State of Colorado taxation purposes, the Issuer did place an arbitrary value on the shares at $50.00. The transferee is not otherwise compensated for his service to the Issuer in his capacity as Vice-President of Real Estate Development. Moreover, the Issuer did not issue the shares; therefore, the value of the shares disposed of by the Reporting Person and transferred to the transferee were not valuated at the the Issuer's stock price, which then was quoted on the Link ATS on the date of the earliest event associated with the transaction.
F3 The sum represented in response to this entry is the Reporting Person's direct beneficial ownership of approximately 41.8% of the Issuer's Common Stock as at October 16, 2018. In addition, the Reporting Person claims beneficial ownership of all of the issued and outstanding shares of the Issuer's Series A Preferred Stock, which is the Issuer's control stock.

Remarks:

This ownership filing is filed late due to an audit of the Issuer's Section 16 obligations. Consequently, upon learning of the previous unintentional filing omission and error, the Issuer and the Reporting Person have caused this form to be filed on the date hereof.