Global Seed Corporation (OTCMKTS:GLBD) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01 Completion of Acquisition or Disposition of Assets.
On June 30, 2017, Global Seed Corporation acquired 50% ownership of high-end jewelry from Tian Jia, our CEO and CFO, valued at $159,900.00. The independent valuation reports were provided by Lastovica Jewelry Appraisal Services at 6222 Richmond , #830, Houston, Texas 77057.
In exchange for the acquisition of high-end jewelry from Tian Jia, our CEO and CFO, Global Seed Corporation ( "the Company") The Board of Directors agreed to issue 44,568 shares of common shares in exchange for Ms. Tian's contribution of high-end jewelry pieces. The number of shares issued is based on fair market value of Global Seed Corporation (ticker symbol: GLBD) for the last 90 days.
Ms. Tian will use her experiences in product developments, marketing skills to make Global Seed Corporation ( " the Company"), a vertically integrated company.
About Global Seed Corporation (OTCMKTS:GLBD)
Global Seed Corporation is engaged principally in the distribution of a monthly journal. The Company’s product is the Global Seed Journal. Global Seed Journal is a monthly journal, which will be published in Chinese for its presentation of Asian community news, advertising content, and articles written by contributors. The Company’s journal is intended for men and women at the 18 to 65 age group. The Company offers various sections in its journal to target Chinese speaking advertisers and readers in Houston, Texas. The Company’s journal includes a section for the buying and selling of homes in Texas. The Company’s journal includes a section for travel agencies. The Company’s journal also includes a section for restaurant advertisers; a section for promotion of special dishes from various restaurants; a section for an entertainment guide, and a section for business advertisement.