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Re: mrnutsandbolts post# 9158

Friday, 04/29/2016 11:17:47 AM

Friday, April 29, 2016 11:17:47 AM

Post# of 19992
OK SMME CURRENT ISSUES:

As of the Record Date, the Company has197,447,416 shares of Common Stock and 410,000 shares of Series B Preferred Stock issued and outstanding.

HENCE:To approve an amendment to our Articles of Incorporation, as amended, to increase our authorized capital stock (“Authorized Capital”) to increase the number of shares of authorized Common Stock to 300,000,000[color=red][/color] from 200,000,000;

Last CONVERSION:
During the three months ended December 31, 2015, the Company sold for cash 5,242,000[color=red][/color] shares and warrants to purchase: (i) 3,276,250 shares at $0.70 per share, and (ii) 1,651,230 shares at $1.00 per share, for net proceeds of $261,477. The warrants expire at various times through October 28, 2016.

COH: $24,839 12/31/15

NET LOSS: (740,350)

REVENUE: $0

Investors will decide which is more likely on why A/S was increased.

I am using this forum for it's original intention. It was created to discuss both points of view staying within the guidelines of the TOS. Remember where we are at all times. It is a DISCUSSION FORUM. Let's keep it real! This is not Trading floor on WALL

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