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Re: None

Thursday, 04/24/2014 3:33:52 PM

Thursday, April 24, 2014 3:33:52 PM

Post# of 58021
Outstanding Notes equal to 3.6 BILLION Shares here.

As of December 31, 2013, there are outstanding securities convertible into or exchangeable for an aggregate of approximately 3,630,464,687 shares of our common stock as of December 31, 2013, which, if converted or exchanged, will substantially dilute our existing stockholders.



The Company currently has outstanding notes and securities convertible into or exchangeable for an aggregate of 3,630,464,687 shares of common stock under certain conditions. In addition, the effective conversion and exercise prices of such securities significantly lower than the current market value of our common stock. If these securities are converted into or exchanged for common stock, their issuance would have a substantial dilutive effect on the percentage ownership of our current stockholders. These securities consist of: options to purchase 990,000 shares of our common stock at an average purchase price of $0.34 per share, 3,472,834,667 shares of common stock pursuant to the conversion terms of $520,925 outstanding convertible promissory notes and the conversion of Class A and B Preferred stock into 156,640,020 shares of common stock.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9921620

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