Howard Gostfrand - Jan 13, 2022 Form 4 Insider Report for W Technologies, Inc. (OLKR)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Howard Gostfrand
Stock symbol
OLKR
Transactions as of
Jan 13, 2022
Transactions value $
$0
Form type
4
Date filed
1/14/2022, 03:10 PM
Previous filing
Oct 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLKR Common Stock Other $0 -88.8M -100% $0.00* 0 Jan 13, 2022 By American Captial Ventures, Inc. F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OLKR Series A Preferred Stock Other $0 +88.8K $0.00 88.8K Jan 13, 2022 Common Stock 88.8M $0.00 By American Capital Ventures F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 13, 2022, pursuant to a Share Exchange Agreement by and between American Capital Ventures, Inc. ("ACV") and the issuer, the issuer exchanged 88,800,191 shares of common stock held indirectly by the reporting person into 88,800 shares of Series A preferred stock of the issuer (the "Exchange").
F2 The reporting person is the sole owner of ACV.
F3 On January 13, 2022, as a part of the Exchange, the issuer issued to ACV 88,800 shares of Series A preferred stock in exchange for 88,800,191 shares of common stock. Each share of Series A preferred stock is convertible into 1,000 shares of the issuer's common stock at any time at the election of the holder.