8) What happened to the stock issued for the debt June 15, 2015 of 400,000,000 shares?
A) The stock was issued for the conversion of convertible debt that was purchased by a third party investor. However subsequent to the issue, the investor failed to pay the debt as agreed so the stock was cancelled on the ledger of Company.
You should at least add that 400M are no longer in the float?
CEO also stated he did not need to sell any shares in 2014 because it was not necessary. In other wards. He leaned the company! He seems trustworthy in these answers.
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