Bluepoint and Score One.............. a closer look
_______________________________________________________
Bluepoint (BLPT)
Distribution of BluePoint Shares to the Promoter Defendants and
Preparation to Trade
39. Markow and Goelo knew that they were required to report their control of BluePoint stock in a Commission filing and actively took steps in an unsuccessful attempt to evade the reporting requirement. Markow was careful to cause the 3.75 million shares to be assigned to fourteen separate holders, with no single holder assigned more than 2.5% of BluePoint's outstanding stock.
71. Tsai received $250,000 from the Promoter Defendants when they bought the nominee shares from him
sec.gov
Score One (SCRO)
one of the other "ChinaGate" Stocks did a reverse merger into this reporting shell......
Item 3. Source and Amount of Funds or Other Consideration
On June 12, 1996, Park Street received 20,000 shares of restricted common
stock, $0.001 par value, (the "Shares") of the Issuer for services rendered in
connection with the formation of the Company.
On March 26, 1999, the Issuer effected a 100-for-one forward stock split on
its issued and outstanding common stock. All fractional shares were to be
rounded up to the nearest whole share. The 20,000 Shares originally issued to
Park Street became 2,000,000 Shares after the 100-for-one forward split.
HERE COMES THE SHARE DISTRIBUTION
On March 14, 2000, the Issuer effected a 1.65-for-one forward stock split on
both its authorized and issued and outstanding common stock. All fractional
shares were to be rounded up to the nearest whole share. The 2,000,000 Shares
held by Park Street became 3,300,000 Shares after the 1.65-for-one forward
split. The Company's authorized Shares became 41,250,000 shares instead of
25,000,000 Shares after the 1.65-for-one forward split.
PAGE 5 OF 6
On March 20, 2000, Park Street made a gift of 1,346,300 Shares of the Company
to 14 parties. Neither Ken Kurtz nor Park Street received any consideration
for the gifted Shares. These gifts were made without any rights of
rescission, and without any repurchase or option agreements.
On March 28, 2000, Park Street sold 1,928,775 Shares of the Company to one
party. The sale was for valid consideration of $250,000.
Item 4. Purpose of Transaction
The Reporting Persons acquired the Shares of Score One, Inc. as consideration
for services rendered in the formation of the Company. At this time, they
have no intention of acquiring additional shares of the Score One, Inc.
reported herein, although they reserves the right to make additional purchases
from time to time. Any decision to make such additional purchases will
depend, however, on various factors, including, without limitation, the price
of the common stock, stock market conditions and the business prospects of the
Company reported herein. The Reporting Persons have no present intention or
arrangements or understandings to effect any of the transactions listed in
Item 4(a)-(j) of Schedule 13D.
On March 30, 2000, Mr. Schiff sold 301,775 Shares in a private transaction
with a third party, leaving himself with 1,000 Shares.
The Reporting Person acquired the Shares of Score One, Inc. as consideration
for services rendered in the formation of the Company. At this time, he has
no intention of acquiring additional shares of the Score One, Inc. reported
herein, although he reserves the right to make additional purchases from time
to time. Any decision to make such additional purchases will depend, however,
on various factors, including, without limitation, the price of the common
stock, stock market conditions and the business prospects of the Company
reported herein. The Reporting Person has no present intention or
arrangements or understandings to effect any of the transactions listed in
Item 4(a)-(j) of Schedule 13D. |
