$tacks Upon $tacks Of Moolah

[bbgold]

Hi Dallas,
Not sure about KKRW myself as they sure seem to like issuing shares to payoff debt. I wonder if that might continue for the next 6 months and lead to continued volatility in KKRWs price?
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:


During the six months ended March 31, 2003, the Company issued 400,000 shares of common stock for marketing services having a fair value of $4,000. The Company also expensed $253,125 of deferred compensation and $37,250 of deferred consulting services.

During the six months ended March 31, 2003, the Company issued an aggregate of 18,929,465 shares of common stock having a fair value of approximately $85,370 to various debenture investors representing the conversion of principal and interest.

During the six months ended March 31, 2003, the Company issued 19,032,500 shares of common stock for consulting services, having a fair value of $190,326. Of the 19,032,500 shares issued during the six months ended March 31, 2003, 3,532,500 shares were issued to seven members of the Company's board of directors and 15,500,000 shares were issued to 9 other consultants.

During the six months ended March 31, 2002, the Company issued 2,612,128 shares of common stock for consulting services having a fair value of $709,227.

During the six months ended March 31, 2002, the Company issued 65,200 shares of common stock for legal services having a fair value of $7,500.

During the six months ended March 31, 2002, the Company issued 830,000 shares of common stock in lieu of compensation of $112,055.

During the six months ended March 31, 2002, the Company issued an aggregate of 897,991 shares of common stock having a fair value of approximately $173,000 to various debenture investors representing the conversion of principal and interest.

During the six months ended March 31, 2002, the Company converted $372,550 of accounts payable to convertible promissory notes.