It seems you may have missed a few shares reported in the last quarterly... I'd recheck those numbers...
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The number of shares of Common Stock, $0.00001 par value, outstanding on May 20, 2014 was 240,473,364.
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During the three months ended March 31, 2014, the Company:
- issued 3,000,000 shares of common stock for services. These shares have a fair value of $30,000;
- issued 1,400,000 shares of common stock for settlement of payables of $21,558;
- issued 11,317,392 shares of common stock for the conversion of debt of $5,558; and
- retired 32,800,888 shares of common stock previously issued to officers for compensation. The Company remains liable for these shares. As a result, the value of these shares is currently recorded as a stock payable
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On April 24, 2014, the Company issued 112,417,437 shares of common stock value at $58,452 for the conversion of debt.
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Looks like JB and/or Brother Ben returned 32,800,888 shares to lower their stake to 70 million shares.
You would need to include the 112 million debt shares in the float...
It would seem that JB/BC no longer have controlling interest such that they could unilaterally vote for a AS change or R/S... They would need support of the debt holder's shares for that vote to pass , that is until the debt holder floods the market with his shares...
License and Registration Please...
