10Q out on DOMK:
176 million shares outstanding (vs. 100 million the previous quarter), an increase of 76%.
307.4 million shares of convertible debt outstanding with another 50 million shares potential to be converted from preferred shares. The notes are particularly discounted/dilutive as more further outlined in the 10Q and are with a number of loan sharks including Asher Enterprises - an entity known for toxic financing for many companies.
Bank overdraft of $56 recorded for the quarter.
$17.8 million in accumulated losses to date.
Revenues for the third straight quarter = $0
DOMK entered into a licensing agreement with Wazzamba SA in which they have to pay $300,000 over three pay periods. The company made an initial payment of $25k, but is now past due on the remaining $75k of the 1st installment payment.
The two employment agreements include annual salaries totalling $390k.
On February 24, 2014, the Company increased the number of authorized shares of common stock to 900,000,000 shares
