Wednesday, October 07, 2015 12:16:37 PM
As far as I can tell, the company has 3 Notes outstanding (according to their reports):
1 to "Epic" for $18,500
1 Convertible Note to "St Geo Fund" which apparently has a discount of $482,406.00
1 to Convertible Note "Golden Gate" which also has a discount of $254,300.00
This is $755,206
They also owe suppliers $150,944.13 (called Trade Payable)
And then the CEO is owed $452,955.89
And the COO is owed $477,900.00
They also found a shareholder who loaned them $38,400.42
This all adds up to $1,875,406.44 in Liabilities.
The share price today is less than $0.001, but even if they could get $0.001, that's 1.875 Billion in shares to issue.
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