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Monday, July 28, 2014 4:45:30 PM
6,000,000,000 shares authorized, 2,409,890,592 and
2,084,675,792 shares issued and outstanding at March 31, 2014
And December 31, 2013, respectively http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10002549 no where in the filing does it say that shares are convertible at that rate "Subject to an aggregate limitation on conversion, the number of shares of Common Stock to be issued upon each conversion will be determined on the date of conversion generally with reference to the lower of a (i) fixed price per share of Common Stock, or (ii) the prevailing market price of the Common Stock, discounted by fifteen (15%) percent. Details of the conversion mechanisms are set forth. The Note contains a “blocker” provision limiting the number of shares of common stock into which the Note is convertible to 4.99% of the outstanding shares of the Company’s common stock."
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