Textmunication Holdings Inc. (OTCMKTS:FSTW) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities
On February 16, 2017, we issued a total of 2,000,000,000 shares
of our common stock to our officer and director, Wais Asefi, as
compensation for services rendered.
These securities were issued to Section 4(2) of the Securities
Act and/or Rule 506 promulgated thereunder. The investor
represented his intention to acquire the securities for
investment only and not with a view towards distribution. The
investor was given adequate information about us to make an
informed investment decision. We did not engage in any general
solicitation or advertising. We directed our transfer agent to
issue the stock certificates with the appropriate restrictive
legend affixed to the restricted stock.
SECTION 5 CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.01 Changes in Control of Registrant
The disclosures set forth in Item 3.02 is incorporated by
reference into this Item 5.01.
As a result of the issuance to Wais Asefi, a change in control
has occurred. He now owns a majority of our outstanding common
stock.
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
The disclosures set forth in Item 3.02 are incorporated by
reference into this Item 5.02.
About Textmunication Holdings Inc. (OTCMKTS:FSTW)
Textmunication Holdings, Inc. is engaged in the provision of mobile marketing solutions, rewards and loyalty programs. The Company offers a mobile marketing platform where merchants can send customers the up-to-date offers, discounts, alerts and events schedules, such as happy hours, trivia night and other campaigns. The consumer can also access specials and promotions that merchants choose to distribute through the Company by opting keywords designated to the merchant’s keywords. This enables consumers to take their information wherever they go and learn about the latest buzz, as soon as it is available, providing the consumer with events, deals and messages on their cellphone through short messaging service. The Company offers its services to markets, including quick service restaurants; gyms, health and fitness; entertainment, including casinos, golf courses, bowling centers and comedy clubs, and retail stores, as well as bars, boutiques, dentists, salons and real estate agents. Textmunication Holdings Inc. (OTCMKTS:FSTW) Recent Trading Information
Textmunication Holdings Inc. (OTCMKTS:FSTW) closed its last trading session 00.0000 at 0.0150 with shares trading hands.
