Note 15 - Share Capital	9 Months Ended
Sep. 30, 2017
Notes
Note 15 - Share Capital	NOTE 15–SHARE CAPITAL Series A Preferred Shares On April 18, 2015, the Company issued 1,000 shares of Preferred Stock A, Par Value $.001 per share to Kurt Neubauer for services rendered, which was valued at $10,000. The shares have no dividend or conversion rights, but give him the right to 51% in all shareholder votes. Series B Preferred Shares The Company amended its articles of incorporation in February 2017 to authorize an aggregate of 10,000 shares of Company Series C Preferred Stock. The Company’s Series C Preferred Stock: · does not pay a dividend; · has a stated aggregate of $2,305,000, as to all shares of Company Series C Preferred Stock; · upon liquidation or a sale of control of the Company is senior to the Company Common Stock; · provides that upon the occurrence of a “conversion event” (defined as the listing of shares of Company Common Stock on a “qualified stock exchange” (as defined)), the Company Series C Preferred Stock shall automatically convert into 20% of the Company’s “fully-diluted Common Stock” (as defined) on the date of conversion; and · votes with the company’s outstanding Common Stock on an “as converted” basis. A “qualified stock exchange” is defined as any one of the New York Stock Exchange, the Nasdaq Stock Exchange (including the Nasdaq Capital Markets) or the NYSE: Market Amex Exchange. The Company issued 42,000 shares of series B preferred shares to consultants for services as of September 30, 2017 at $1 per share for a total value of $42,000 par value. Common Shares The Company issued 42,000 shares of Preferred Stock B for services, including 5,000 shares of the Company’s Preferred Series B stock to Laureen Falco, Chief Accounting Officer for $5,000 in services and 30,000 shares of the Company’s Preferred Series B stock to David Micek, Senior V.P of Corporate Development, for $30,000 in services. On April 18, 2017, the Company issued 19,770,604 of common shares to David Micek for services. On March 21, 2017, the Company issued 26,086,957 shares of the Company’s common stock at $0.0023 for $60,000 to Nathan Levine as part of the S8 acquisition of Chimera® Game assets. The Company also issued 60 shares of Preferred Series B stock to Nathan Levine as part of the S8 acquisition of the Chimera® Game assets. From March 21 through September 30, 2017, the Company issued 761,634,370 common shares for merger and acquisition services, finance services and investor services for a value of $483,737. The Company Issued 6,601,402,191 common shares in conversions of convertible debt during the nine-months ended September 30, 2017 as detailed in Note 11. On August 8, 2017, the Company amended the articles of incorporation in the state of Nevada to increase the total authorized shares of common stock to 9,950,000,000 at par value of $0.001. On September 22, 2017, the Company amended the articles of incorporation in the state of Nevada to increase the total authorized share of common stock to 14,950,000,000 at par value of $0.001.

Note 15 - Share Capital

9 Months Ended

Sep. 30, 2017

NOTE 15–SHARE CAPITAL

Series A Preferred Shares

On April 18, 2015, the Company issued 1,000 shares of Preferred Stock A, Par Value $.001 per share to Kurt Neubauer for services rendered, which was valued at $10,000. The shares have no dividend or conversion rights, but give him the right to 51% in all shareholder votes.

Series B Preferred Shares

The Company amended its articles of incorporation in February 2017 to authorize an aggregate of 10,000 shares of Company Series C Preferred Stock. The Company’s Series C Preferred Stock:

· does not pay a dividend;

· has a stated aggregate of $2,305,000, as to all shares of Company Series C Preferred Stock;

· upon liquidation or a sale of control of the Company is senior to the Company Common Stock;

· provides that upon the occurrence of a “conversion event” (defined as the listing of shares of Company Common Stock on a “qualified stock exchange” (as defined)), the Company Series C Preferred Stock shall automatically convert into 20% of the Company’s “fully-diluted Common Stock” (as defined) on the date of conversion; and

· votes with the company’s outstanding Common Stock on an “as converted” basis.

A “qualified stock exchange” is defined as any one of the New York Stock Exchange, the Nasdaq Stock Exchange (including the Nasdaq Capital Markets) or the NYSE: Market Amex Exchange.

The Company issued 42,000 shares of series B preferred shares to consultants for services as of September 30, 2017 at $1 per share for a total value of $42,000 par value.

Common Shares

The Company issued 42,000 shares of Preferred Stock B for services, including 5,000 shares of the Company’s Preferred Series B stock to Laureen Falco, Chief Accounting Officer for $5,000 in services and 30,000 shares of the Company’s Preferred Series B stock to David Micek, Senior V.P of Corporate Development, for $30,000 in services. On April 18, 2017, the Company issued 19,770,604 of common shares to David Micek for services.

On March 21, 2017, the Company issued 26,086,957 shares of the Company’s common stock at $0.0023 for $60,000 to Nathan Levine as part of the S8 acquisition of Chimera® Game assets. The Company also issued 60 shares of Preferred Series B stock to Nathan Levine as part of the S8 acquisition of the Chimera® Game assets.

From March 21 through September 30, 2017, the Company issued 761,634,370 common shares for merger and acquisition services, finance services and investor services for a value of $483,737.

The Company Issued 6,601,402,191 common shares in conversions of convertible debt during the nine-months ended September 30, 2017 as detailed in Note 11.

On August 8, 2017, the Company amended the articles of incorporation in the state of Nevada to increase the total authorized shares of common stock to 9,950,000,000 at par value of $0.001.

On September 22, 2017, the Company amended the articles of incorporation in the state of Nevada to increase the total authorized share of common stock to 14,950,000,000 at par value of $0.001.

MOMENTOUS ENTERTAINMENT GROUP INC 10-Q/A