SUMMARY OF DEBT OWED FROM 10Q
CONVERTIBLE NOTES IN DEFAULT AT CONVERSION OF .30 PER SHARE ALL PAYABLE ON DEMAND: $390,000
CONVERTIBLE NOTES THAT CAN 'NOT' BE PAID IN CASH:
60% DISCOUNT TO MARKET: $25,701
50% DISCOUNT TO MARKET: $278,241
45% DISCOUNT TO MARKET: $183,825
40% DISCOUNT TO MARKET: $27,466
CONVERTIBLE NOTES THAT 'CAN' BE PAID IN CASH:
50% DISCOUNT TO MARKET: $16,500
CONVERTIBLE NOTES THAT DO NOT SHOW IF THEY CAN BE PAID IN CASH:
42% DISCOUNT TO MARKET: $32,480
IRS TAX LIEN FOR NON PAYMENT OF PAYROLL TAXES: $761,396
IRS INCOME TAX OWED WITH PENALTY FOR NOT FILING 2015 TAX RETURNS: $127,741
Just to pay off the convertible notes which they CAN NOT pay off in cash, unless they are all renegotiated, will require the company to issue approximately 10.4 billion shares.
THAT IS WHY THERE WILL BE A REVERSE SPLIT!
JMHO
