Here is more information which is all verifiable with the company filings and they are not opinions.
May 17,2011 4 investors were issued Preferred Class A shares ( 15 to 1 conversion factor to Class A Common Shares:
Frank got 70 Million
Jeff got 56 Million
Jeffrey got 44 Million
Brian got 30 Million
100 Million Preferred Class A shares remain unissued.
According to the 1st quarter filing there has been NO conversion to common stock and they still hold all Preferred Class A Shares.
On May 17, 2011 4 investors were issued Preferred Class B shares ( 5 to 1 conversion factor to Class A Common Shares:
Frank got 57,015,000
Jeff got 45,612,000
Jeffry got 35,838,000
Brian got 24,435,000
335,000,000 Preferred Class B shares remain unissued.
According to the 1 quarter filing there has been NO conversion to common stock and they still hold all Preferred Class B Shares.
Common Stock Class A authorized is 2.5 billion (No voting rights)
On Sept 31, 2011 there was 490,147,929 shares issued and outstanding.
There were 40 million shares issued to 2 debt holders, Jahoco and Machiavelli to pay off 2 $10,000 CD's held against the company.
On Dec 31, 2011 there was 943,835,092 shares issued and outstanding,
On March 31, 2011 there was 971,107,847 shares issued and outstanding.
First quarter 2012 Revenues were $199,498
Cost of Sales $166,466
Gross Profit of $33,032
Expenses were $229,723
Loss $196,691
I have sent an email request to the T/A for written confirmation of the current issued and outstanding share count.
There is currently one note outstanding for $45,000.00 which is an interest loan bearing an 8% interest cost and the following 3 which are overdue:
NOTE B- SHORT TERM NOTE
A Note payable to Dr. Gabriel Novoa for the amount of $65,000USD has expired
May 31st, 2010 and is overdue.
A Note payable to Mr. Jesus Ubesorongo for the amount of $65,000USD has expired
May 31st, 2010 and is overdue.
A Note payable to Mr. Tyler Stokes for the amount of $15,000USD has expired
May 13th, 2011 and is overdue
I believe you have a misunderstanding on the information provided by the company on what year end they will have their audited financials completed. It specifically states in the company filings they are targeting the end of 2012.
There is absolutely NO verifiable information of the exact location of the retail store being opened in Beijing.
