Dutch Gold Resources Inc. (fka DGRI)

[1971]

Yup, New lawsuit filed regarding this most likely:

Coventry Enterprises, LLC

On March 17, 2011, the Company issued a Convertible Note in the amount of $50,000 to Coventry Enterprises, LLC. The note is convertible into common shares of the Company at any time during the period beginning on the date of the Note and ending on the complete satisfaction of the Note. The Conversion Price per share of Common Stock shall be the lower of $.30 or thirty five percent (35%) of the average of the three lowest Volume Weighted Average Price (“VWAP”) prices of the Company’s Common Stock for the fifteen trading days preceding a Conversion Date. The VWAP will be determined by Bloomberg LP Professional Service. As compensation for entering into the note, the Company issued 50,000 shares of common stock to Coventry Enterprises, LLC.