Item 5.01 Changes in Control of Registrant.
On June 15, 2021, George Sharp was appointed as custodian for the registrant,
Stratos Renewables Corporation, by Order Granting Motion to Appoint George Sharp
as Custodian and For Temporary Restraining Order on Order Shortening Time (Case
No. A-21-835772-B, Dept. No.: 13) issued by the District Court of the State of
Nevada in and for Clark County (the "Court Order"). Under his authority as
Custodian George Sharp appointed himself as the sole member of the Board and
President, Secretary and Treasurer of the Company by resolutions of the
registrant's Board of Directors on June 15, 2021. On August 29, 2021, in
recognition of the $50,000 cash invested and $50,000 in consulting fees accrued
by George Sharp for professional and regulatory fees to reinstate the registrant
in the State of Nevada and to have the registrant become current in its filings
under the SEC's recently imposed requirements for public companies operating
under SEC Rule 15c2-11 that mandates the filing of current financial and
corporate disclosures to be submitted to OTC Markets by June 30, 2021 and to
have OTC Markets declare the Company "current" by September 30, 2021, the Board
issued 300,000 shares of the authorized "blank check" preferred stock to George
Sharp with 10,000 votes for each share of preferred stock to give voting control
to Mr. Sharp. Mr. Sharp is currently engaging an auditor and preparing the
necessary filings with the SEC to have the registrant be subject to the
reporting requirements of the SEC, including the filing of annual and quarterly
financial reports.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 15, 2021, in accordance with the Court Order, George Sharp appointed
himself as the Company's President, Secretary, Treasurer, and Chairman of the
Board of Directors of the Company.
George A. Sharp, 61 years old, has, for the past 17 years, served as a
consultant to companies in a variety of contexts, including software
development, assisting public companies with growth and regulatory compliance
plans. Mr. Sharp is a well-known whistleblower and shareholder advocate,
fighting against microcap fraud. He has exposed dubious activities involving
various issuers to the public and regulatory bodies for the last 12 years. In
June 2017, Mr. Sharp was engaged as a consultant by OTC Markets Group, Inc. to
develop compliance processes to bring more timely and actionable data to the OTC
market.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Order Granting Motion to Appoint George Sharp as Custodian and For
Temporary Restraining Order on Order Shortening Time (Case No. A-21-835772-B,
Dept. No.: 13) issued by the District Court of the State of Nevada in and for
Clark County
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