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Wednesday, October 22, 2014 7:44:21 PM
Note 6 Stockholders’ Equity (Deficit)
(A) Common Stock Issuances
In May 2006, the Company issued 15,000,000 shares of common stock to its founders for $5,000 ($0.0003/share).
In August 2006, the Company issued 720,000 shares of common stock for $2,400 ($0.003/share).
In September 2006, the Company issued 3,000,000 shares of common stock for $10,000 ($0.003/share).
In November 2006, the Company issued 300,000 shares of common stock for $10,000 ($0.03/share).
On October 14, 2009, the Company issued 825,000 shares of common stock to a consultant, in exchange for services rendered, having a fair
value of $46,750 ($.056/share), based upon the quoted closing trading price.
See this "individual" was given 825,000 shares in October 2009, in November of 2009 a Forward Split was performed at a 3 for 1 ratio thus increasing that issuance to 2,475,000 that is more than 10% of the OS in 2011 which was 22 million shares. Now it really gets crazy if that holding was still there in for the 2 for 1 split in December 2011, that is 4,950,000 shares.
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