8K filed. A lot of conversion shares issued.
On October 20, 2014, the Registrant accepted a conversion notice from Caesar Capital Group, LLC ("Caesar ") to partially satisfy a $44,000 Convertible Promissory Note Agreement ("the Caesar Note") dated April 10, 2014 with Caesar. 16,989,285 shares were issued to satisfy $9,514 of the outstanding principal and interest. In accordance with the terms of the Caesar Note the shares were issued at a price equal to 70% of the lowest VWAP of the shares of Common Stock during the five (5) consecutive Trading Day period immediately preceding the date of conversion. As of the date of this report the remaining amount currently outstanding on the Caesar Note, including accrued interest, is now $34,486.
On October 22, 2014, the Registrant was notified that its transfer agent accepted and processed conversion notices from Beaufort Capital Partners LLC ("Beaufort") to partially satisfy a $55,000 Convertible Promissory Note Agreement ("the Beaufort Note") dated March 27, 2014 with Beaufort. An aggregate of 29,792,317 shares were issued to satisfy $26,820 of the outstanding principal and interest. In accordance with the terms of the Beaufort Note the shares were issued at a price equal to 70% of the arithmetic average of the two (2) lowest VWAPs of the shares of Common Stock during the twenty five (25) consecutive Trading Day period immediately preceding the date of conversion. As of the date of this report the remaining amount currently outstanding on the Beaufort Note, including accrued interest, is now $23,180.
On October 24, 2014, the Registrant accepted a conversion notice from LG Capital Funding LLC ("LG") to partially satisfy a $33,000 Convertible Promissory Note Agreement ("the LG Note") dated February 3, 2014 with LG. 18,446,666 shares were issued to satisfy $7,748 of the outstanding principal and interest. In accordance with the terms of the LG Note the shares were issued at a price equal to 70% of the lowest VWAP of the shares of Common Stock during the twenty five (25) consecutive Trading Day period immediately preceding the date of conversion. As of the date of this report the remaining amount currently outstanding on the LG Note, including accrued interest, is now $25,500.
My math $.00056 , $.0009 , $.00042 for the three conversions.
