CARDIFF LEXINGTON CORPORATION (OTCMKTS: CDIX) Files An 8-K Changes in Control of RegistrantItem 5.01 – Changes in Control of Registrant
On November 21, 2018 two hundred million (250,000,000) shares of Preferred “I” stock have been authorized to issue to the following individuals: One Hundred Fifty Million (125,000,000) shares of Preferred “I” Stock, par value $0.001 to be issued to Alex Cunningham, President/CEO and One Hundred Fifty Million (125,000,000) shares of preferred “I” Stock issued to Daniel R Thompson, Chairman both members of the Board of Directors to reduce debt for unpaid monies owed by Company.
Item 5.03 – Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Increase in the Authorized shares of Common Stock: On November 6, 2018, the Board of Directors of Cardiff Lexington Corporation, a Florida corporation (the “Corporation”) authorized Five Billion (5,000,000,000) shares of 144 Common Stock, par value of $0.001 and One Billion (1,000,000,000) shares of Blank Check Stock, par value of $0.001. These increases was authorized for (a.) upcoming acquisitions; (b.) debt reduction and (c.) increased growth.