SIPP Industries Inc (SIPC)

[sam1933]

On April 15, 2016 the Company issued 25,000,000 shares of its Common stock as a payment of $5,000
against its outstanding debt (pps.0002)

a/oJune 30, 2016 Total Convertible Promissory Note $57,813

if every debt holder converted their entire notes the company
may have to increase their authorized number of shares and may have to issue about 300 Million shares of its Common stock(based on conversion rate) against this outstanding debt...

as 888,000,000 - os 625,690,822 = ~260M share capital a/o June 30, 2016

Deficit accumulated during development stage $ ($1,630,518)