3//SEC Filing
Virtual Sourcing, Inc. 3
Accession 0001079974-15-000012
CIK 0001600103operating
Filed
Jan 7, 7:00 PM ET
Accepted
Jan 8, 5:51 PM ET
Size
7.4 KB
Accession
0001079974-15-000012
Insider Transaction Report
Form 3
Gallant Acquisitions Corp.
DirectorPresident10% Owner
Holdings
Series A Preferred Stock
→ Common StockSeries B Preferred Stock
→ Common Stock- 55,000,000
Common Stock
Footnotes (4)
- [F1]Any
- [F2]None
- [F3]Gallant Acquisitions Corp. holds 999 Series A Preferred Shares, which is equal to 100% of the Series A Preferred Shares outstanding. The Preferred Series A Shares carry voting rights of 50.1% of the common stock able to vote or consent to any action requiring a vote regardless of the amount of common stock outstanding. The Series A Preferred Stock is also convertible at a price of $100 divided by the lowest of the closing bid price for the 20 days prior to the conversion request, but at no time less than $0.001. At no time can the Series A Preferred Shares be converted in a way that would result in the beneficial ownership of more than 9.9% of the outstanding shares of the company.
- [F4]Gallant Acquisitions Corp. owns 100 Series B Preferred Shares, which is equal to 36.2% of the Series B Preferred Shares outstanding. The Preferred Series B Shares carry no voting rights. The Series B Preferred Stock is convertible at a price of $1,000 divided by $0.01, or 100,000 common shares for every 1 share of Series B Preferred Stock. At no time can the Series B Preferred Stock be converted in a way that would result in the beneficial ownership of more than 9.9% of the outstanding shares of the company.
Documents
Issuer
Virtual Sourcing, Inc.
CIK 0001600103
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001600103
Filing Metadata
- Form type
- 3
- Filed
- Jan 7, 7:00 PM ET
- Accepted
- Jan 8, 5:51 PM ET
- Size
- 7.4 KB