Saturday, May 28, 2016 4:05:16 PM
Look what's happened to the share count in the past 6 months alone:
In addition to all the usual shares given away for "services" and conversions of toxic notes, these two items stood out for me:
During the nine months ended March 31, 2016 $40,000 of these notes were converted into 24,000,000 shares of common stock. As of March 31, 2016, the principal balance on these notes was $70,000.
That means they were converted at 0.00166!!!!!! Nice work if you can get it, right? The remaining $70,000 converts into 42 MILLION additional shares, BTW.
the Company issued him warrants to purchase 41,454,851 shares of the Company’s common stock at an exercise price per share of the lesser of $.005 or an eighty percent discount to the average of the five lowest bid prices during the 30 trading days prior to the date of exercise. The warrant may be exercised, in whole or in part, beginning on the date which is the earlier of six months from the Company becoming a Reporting Company
Looks like we found out why the boys were so hot to file a form 10, am I right? Buy 41 million shares of stock at .005? Whoo hoo!!
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