Patten Energy Solutions Group Inc (PTTN)

[UserAlias1]

'Peeps' are-missing they-are-converting $AMEL shares under .0001/share !!!

For a company with $5,525 cash, they're going to need to issue LOTS and LOTS of shares to get the $275K for the purchase of Orbit Oil Inc. Just look below how cheap they are issuing shares already! Imagine $275K converting at those prices within one year of the new note that they will need to issue just to get the $275K. $AMEL massive dilution in the making...

Shares issued for under .0001/share-

Note 11 – Subsequent Events:


On July 8, 2014, LG Capital converted 23,783,300 shares of common stock and reduced their note payable by $2,350.


On July 17, 2014, LG Capital converted 21,729,158 shares of common stock and reduced their note payable by $1,500.


On July 28, 2014, LG Capital converted 22,869,863 shares of common stock and reduced their note payable by $1,575.


On August 1, 2014, LG Capital converted 26,886,183 shares of common stock and reduced their note payable by $1,850.


On August 8, 2014, LG Capital converted 28,382,230 shares of common stock and reduced their note payable by $1,950.


On August 14, 2014, LG Capital converted 28,874,657 shares of common stock and reduced their note payable by $1,700.

THEN these shares issued around .0002/share ---


Quote:
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

On May 20, 2014, LG Capital Funding LLC converted part of their convertible debentures. The Company issued 5,434,782 shares to reduce interest on the note payable by $1,250.


On June 3, 2014, LG Capital Funding LLC converted part of their convertible debentures. The Company issued 19,597,728 shares to reduce interest on the note payable by $4,000.


On June 16, 2014, LG Capital Funding LLC converted part of their convertible debentures. The Company issued 21,922,127 shares to reduce interest on the note payable by $3,700.


On June 17, 2014, GEL Properties, LLC converted part of their convertible debentures. The Company issued 11,764,706 shares to reduce interest on the note payable by $2,000.


On June 26, 2014, GEL Properties LLC converted part of their convertible debentures. The Company issued 21,818,182 shares to reduce interest on the note payable by $2,400.

This $AMEL company is SOOOO Phuchkt...