MMTE
NOTE 7- Securities
On December 6, 2013, the Company issued 67,198,300 of restricted common stock to Compania Lithium Investments Limitada, pursuant to their acquisition agreement.
On October 15, 2013, the Company issued 800,000 common free trading shares to War Chest Capital Multi Strategy Fund LLC in full settlement their outstanding debt.
On October 15, 2013, the Company issued 20,000,000 free trading pursuant to a convertible promissory note in settlement of $18,000 of a $50,000 outstanding legal bill dating back to March 2011.
On October 4, 2013, the Company issued 17,000,000 free trading stock pursuant to a convertible promissory note in settlement of $15,300 of the $32,000 balance of legal bills dating back to March 2011.
On August 25, 2013, the Company reduced the number of issued and outstanding shares by 19,999,221,000 shares resulting 10,000,100 shares remaining issued and outstanding. The reverse split did not affect the total number of shares authorized to be issued and outstanding.
On March 21, 2013, the Company issued 989,932 restricted common shares for consulting services.
On March 23, 2011 all remaining 658,500 Preferred "C" shares were cancelled by the company from a board resolution enacted by the company's management.
On March 23, 2011, the shareholders’ approved an amendment to the Company’s Articles of Incorporation increasing the authorized common stock to 15,000,000,000 shares with a par value of $0.0001.
At December 31, 2011, the Company had 6,869,554,120 common shares issued and outstanding. During the year, the Company issued 1,712,603,333 common shares primarily in debt settlement, including a court ordered settlement of 562,603,333 common shares, 150,000,000 common shares in debt reduction and 1,253,205,128 in Officer Compensation and directors’ fees.
At December 31, 2012, the Company had 13,020,357,680 common shares issued and outstanding. During the year ending December 31, 2012, the Company issued 6,310,803,500 common shares 2,385,803,500 in aged debt settlement as unrestricted common shares.
