United Rail Inc. (URAL)

[eddycast09]

{((( XTRN Massive DD !! )))}~

From Quarterly report issued last year on Dec 13 2016, excerpt bellow:

https://www.otcmarkets.com/financialReportViewer?symbol=XTRN&id=164105

Quote:
Quote:

During the six months ended September 30, 2016, the Company issued an aggregate of 231,646,686 shares
of common stock for the conversion of $49,942 in convertible notes payable. During the six months ended
September 30, 2015 the Company issued an aggregate of 216,157 shares of common stock for the
conversion of $135,589 of outstanding notes payable and 658,465 shares of common stock for conversion
of $615,203 of accounts payable and payroll debt.
During the six months ended September 30, 2016, the Company issued an aggregate of 350,000,000 shares
of common stock as payment for employee compensation. During the six months ended September 30,
2015, the Company issued an aggregate of 150,996 shares of common stock for employee compensation
resulting in an expense of $150,996.
On August 8, 2014, the Company entered into Debt Securities Assignment with Macallan Partners LLC
(“Macallan”) which provides for the assignment of $20,000 of liabilities from the Company to Macallan in
exchange for allowing Macallan to convert the amount into 1,300,000 shares of common stock at the set
price of $0.0154. The difference between the conversion amount of $20,000 and the fair value of the shares
issued amounted to $45,000, and was recorded as interest expense during the year ended March 31, 2015.
On September 12, 2014, the Company entered into Debt Securities Assignment with Macallan Partners
LLC (“Macallan”) which provides for the assignment of $15,000 of liabilities from the Company to
Macallan in exchange for allowing Macallan to convert the amount into 2,000,000 shares of common stock
at the set price of $0.0075. The difference between the conversion amount of $15,000 and the fair value of
the shares issued amounted to $51,000, and was recorded as interest expense during the year ended March
31, 2015. As of June 30, 2016 there is balance left of $10,830.
On November 24, 2014, the Company entered into Assignment and Assumption Agreement with Microcap
Equity Group, LLC, which provides for the assignment of $41,800 of liabilities from the Company to
Microcap Equity Group, LLC in exchange for allowing Microcap Equity Group, LLC to convert the
amount into shares of common stock at the at a rate equal to 50% of the lowest traded price over the 20
days previous to the conversion date.
As of September 30, 2016, the amount of $10,830 is still outstanding as Macallan has not elected to convert
the amount yet, and the amount of $27,317 is still outstanding as Microcap Equity Group LLC has not
elected to convert the amount yet.
As of September 30, 2016, shares of common stock for the amount of $38,147 for debt conversion were not
issued. As the amounts are required to be paid in common stock, the Company has classified these amounts
as “Common Stock Payable”, a component of stockholders’ equity on the accompanying condensed
balance sheet as of September 30, 2016.
Warrants
During the year ended September 30, 2016 and 2015, the Company didn’t issue any warrants.
(6) Stock Option Plan:
The Company’s 2015 Stock Option Plan provides for the grant of 1,000,000,000 incentive or non-statutory
stock options to purchase common stock. Employees, who share the responsibility for the management
growth or protection of the business of the Company and certain non-employees, are eligible to receive
options which are approved by a committee of the Board of Directors. These options vest over five years
and are exercisable for a ten-year period from the date of the grant.


So far, this states that, the company has issued shares last year for these values,0.00025,0.0075,0.0154, $1, and $2.

The shares issued to Microcap and Macallan have not converted yet since the stock value is too low, which makes sense, why would they sell in trips when they paid dollars, that also makes me think, both firms might want this share higher so they can cash in, or have a big interest at buying off the market, as a means of averaging down.

The highest amount of shares was issued to employees as payment, amount 231 Mil and a secondary 350 Mil, 1st payment valued at 0.00025, the 2nd payment not mentioned or i can't find it's value.