Sunday, December 08, 2013 11:37:38 PM
for loosing money!...sweet only in America!
Problem these fools don't get is the IRS is on to these scams
and AlverWest most likely still owes them at least a mill
ITEM 2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
During the three months ended September 30, 2013 the company issued 1,333,333 common shares in payment of Director loans ($200,000) and 22,666,667 common shares for Directors compensation ($2,040,000). The shares of the Company's common stock were issued in reliance upon the exemption provided by Section 4(2) and Regulation D of the Securities Act of 1933.
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