CORRESP 1 filename1.htm Corresp

 

    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%