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Saturday, 05/14/2016 8:21:42 AM

Saturday, May 14, 2016 8:21:42 AM

Post# of 52915
Interesting note in the 10Q.
"On July 21, 2015, we issued an aggregate of 5,750,000 shares of the Company’s newly created series C preferred stock to Mark Bradley, the Company’s Chief Executive Officer, in lieu of $17,250 of unpaid compensation pursuant to the terms of the new employment agreement. The total fair value of the Series C shares was $164,000 based on an independent valuation on the date of grant, resulting in additional compensation expense of $146,750."

"On March 2, 2016, we issued 6,250,000 shares of series C preferred stock to Mark Bradley, the Company’s Chief Executive Officer, in lieu of $18,750 of unpaid compensation."

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