Visium Technologies Inc (VISM)

[ZDanger]

$2.5 million debt x .001 = 2.5 billion shares to sell

This amendment was filed in connection with the settlement of up to $2,531,565 in accounts payable of the Company, plus attorney fees and costs pursuant to an Order Approving Stipulation for Settlement of Claims between the Company and ASC Recap, LLC entered by the Superior Court of the State of Florida, Judicial District of Leon County on March 12, 2014, The shares issued are exempt from the registration requirements of the Securities Act as an issuance of securities in exchange for bona fide outstanding claims, where the terms and conditions of such issuance are approved by a court after a hearing upon the fairness of such terms and conditions. The foregoing summary is more fully detailed in the Company’s Form 8-K/A filed on April 10, 2014 with the United States Securities and Exchange Commission.