BARNETT & LINN | ||||
ATTORNEYS AT LAW | ||||
23548 Calabasas Road, Suite 106 ● Calabasas, CA 91302 | ||||
www.barnettandlinn.com | ||||
WILLIAM B. BARNETT | TELEPHONE: 818-436-6410 | |||
Attorney/Principal | FACSIMILE: 818-223-8303 | |||
wbarnett@wbarnettlaw.com |
August 17, 2017
Office of Manufacturing and Construction
Division of Corporation Finance
Securities and Exchange Commission
100 F Street NE
Washington D.C. 20549
Attn: | Pamela A. Long, Assistant Director | |
Edward M. Kelly, Senior Counsel | ||
Re: | 2050 Motors, Inc. (“Registrant” and/or “Company”) | |
Preliminary Information Statement on Schedule 14C | ||
Filed on July 26, 2017 | ||
File No. 1-13126 |
Gentlepersons:
Pursuant to my telephone conversation with Ms. Pamela A. Long yesterday relating to the use by the registrant of Schedule 14C, I have enclosed a copy of the shareholders voting, their share amounts and their relationship to the Registrant. In view of (a) the small number of voting shareholders, which is now eleven after breaking out Mr. Hu’s daughter’s share ownership, since she is over 18 and does not live at home, (b) the close relationship with the Registrant or its officers and/or founders of the voting shareholders and their sophistication and knowledge of the Registrant’s business and (c) the nature of the corporate action being taken, we respectively request that the Registrant be allowed to utilize the Schedule 14C format. This is a relatively small company and the savings in time and money by use of the Schedule 14C format is not unsubstantial to this Registrant.
We recognize that our number of shares and the percentage voting for the amendment as set forth in the enclosed Shareholder List is different from the Definitive Schedule 14C filed with the Commission on August 10, 2016. If we are allowed to use the 14C format, we will immediately file an Amended Definitive Schedule 14C correcting our miscalculations and, of course, revising the dates.
Thank you for your cooperation and courtesies in this matter and please do not hesitate to contact the undersigned should you have any further questions regarding the foregoing.
Very truly yours, | |
Barnett & Linn | |
/s/William B. Barnett | |
William B. Barnett | |
WBB: scc | |
cc/ Mr. M. Hu, President |
August 17, 2017
2050 MOTORS, INC.
SHAREHOLDERS LIST
Name | Relationship | Shares | Percent of outstanding shares | |||||||
Officer, Director & Founder | 5,800,000 | 14.9 | % | |||||||
Michael Hu | ||||||||||
Consultant and large investor | 1,110,000 | 2.9 | % | |||||||
Jose Fernando Alvardo | ||||||||||
Consultant and large investor | 1,250,000 | 3.2 | % | |||||||
Manual Augusto Echeandia | ||||||||||
Son of Founder and Consultant | 1,400,000 | 3.6 | % | |||||||
Jason L. Fowler | ||||||||||
Founder | 1,380,000 | 3.5 | % | |||||||
William L. Fowler | ||||||||||
VP North American Operations | 2,108,333 | 5.4 | % | |||||||
George S. Hedrick | ||||||||||
Consultant and large investor | 1,150,000 | 2.9 | % | |||||||
Pierre Jonathan Servan | ||||||||||
Daughter of Founder | 1,000,000 | 2.5 | % | |||||||
Vivian Hu | ||||||||||
Son-in-law of Founder and Consultant | 1,400,000 | 3.6 | % | |||||||
Jason and Shannon J. Krebs | ||||||||||
Director & Secretary | 1,855,387 | 4.8 | % | |||||||
Bernd Schaefers | ||||||||||
VP I/T Services | 1,244,605 | 3.2 | % | |||||||
Gerardo Gomez Gutierrez | ||||||||||
Total: | 19,698,325 | 50.5 | % |