Have you seen an S-1 filing on that yet? Likely never will IMO. Talk is cheap... lots of other toxic debt written lately and free traded shares handed out...all coming right out of the hip pockets of shareholders LOL. Hundreds of millions of shares being dumped into the market.
From the last 10Q
"ITEM 4. SUBSEQUENT EVENTS
"On January 3, 2017, the Company filed a Certificate of Amendment with the State of Nevada revising the rights and preferences of our Series A Preferred Shares. Series A Preferred Stock shall be convertible into common shares at the rate of the closing market price on the day of the conversion notice equal to the dollar amount of the value of the Series A Share, and shall have no voting rights on corporate matters, unless and until they convert their Series A Shares into Common Shares, at which time they will have the same voting rights as all Common Shareholders have; their consent shall not be required for taking any corporate action.
On January 19, 2017, the Company entered into a Securities Purchase Agreement with Tri-Bridge Ventures, LLC, whereas Tri-Bridge Ventures, LLC agrees to purchase up to $5,000,000.00 of the Company’s common stock, $0.00001 par value per share, upon the terms and conditions set forth in the Agreement and pursuant to the filing of a Form S-1 Registration.
On January 19, 2017, the Company entered into a Convertible Promissory Note with Tri-Bridge Ventures, LLC in the sum of $150,000. The promissory note is unsecured, bears interest at 8% per annum, and matures on October 19, 2017.
On January 19, 2017, the Company entered into a Convertible Promissory Note with Tri-Bridge Ventures, LLC in the sum of $25,000. The promissory note is unsecured, bears interest at 8% per annum, and matures on October 19, 2017.
On January 23, 2017, pursuant to an Order entered by the Pubic Company Accounting Oversight Board (“PCAOB”) on December 20, 2016, and correspondence received by the Company on December 29, 2016, from the Securities and Exchange Commission informing us of the revocation of registration of the Registrant’s auditor, John Scrudato, CPA, as well as the revocation of registration of Mr. Scrudato’s firm, Scrudato & Company, PA, the Company entered into an engagement agreement with a new PCAOB auditor, Jayme L. McWidener, CPA, of MAC Accounting Group, LLP.
On January 26, 2017, the Company filed a Certificate of Amendment with the State of Nevada in order to increase the amount of authorized shares of Common Stock. The number of authorized common stock the Company shall have the authority to issue is 7,000,000,000; par value $0.00001 per share.
Subsequent to December 31, 2016, holders of convertible notes converted a total of $60,250 of principal into 213,000,000 shares of our common stock.
On February 15, 2017, the Company and Direct Capital Group, Inc. agreed to forgive the related party amount of $58,403 owed to Direct Capital Group, Inc., for expenses Direct Capital Group, Inc. incurred while the Company was Grid Petroleum Corp.
On February 15, 2017, the Company determined that the related party receivable amounts totaling $16,653 are uncollectible and have agreed to forgive said amounts.
ITEM 5. OTHER INFORMATION
On November 9, 2016, the Company entered into a convertible promissory note with EMA Financial, LLC, in the amount of $35,000. The note is unsecured, bears interest of 10% per annum, and matures on November 9, 2017. (Payment for a failed stock promotion)
On November 15, 2016, the Company entered into a Settlement Agreement with Rockwell Capital Partners, wherein Rockwell agreed to purchase a number of outstanding debts, in the total amount of $81,952.13, pursuant to a Claims Purchase Agreement and an order of the Court, following a Fairness Hearing under Section 3(a)(10) of the Securities Act of 1933 (the “Act”). Pursuant to the Order of the Court, Shares of Common Stock were issued to Rockwell in exchange of the debt, and pursuant to the Order. On November 16, 2016, an Order was entered by the Twelfth Judicial Circuit Court in and for Manatee County, Florida, approving the Settlement Agreement and Stipulation regarding the sale of Shares under Section 3(a)(1) of the Act. (Payed with free trading shares)
On December 16, 2016, the Company entered into a convertible promissory note with Auctus Fund, LLC, in the amount of $46,750. The note is unsecured, bears interest of 10% per annum, and matures on September 16, 2017."
33
AI
