"During the year ended December 31, 2011 the Company issued 466,480,000 shares of stock. Of this amount 100,000,000 was issued to its officer for services valued at market which was .01, resulting in an expense of $1,000,000 as shown on the statement of operations under stock for services. 327,000,000 shares of stock were issued from the conversion of 10,900,000 shares of preferred stock, and the balance or 39,480,000 shares were issued for cash not yet received of $250,100"
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