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Tuesday, November 18, 2014 6:05:50 AM
The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"). In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been
reflected herein. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year.
Oh, who has all this stock for sale now so cheap?
On May 21, 2014 under terms outlined in the Company’s Employee Investment Stock Option Plan, Issued David Foley, employee, 22,500,000 shares, used to reduce debt and increase the company’s cash position by the same amount
covered in a convertible note.
Issued David Foley, employee, 489,998 shares to eliminate compensation past due under the terms of an employment agreement from 2007, and reducing the company’s debt by the same amount covered in a promissory note.
Issued David Foley, employee, 2,350,000 shares to eliminate compensation past due under the terms of an employment agreement from 2007, and reducing the company’s debt by the same amount covered in a promissory note as well as eliminating $75,000 of short term liabilities owed by the company to third parties.
Issued David Foley, employee, 2,000,000 shares to eliminate compensation past due under the terms of an employment agreement from 2007, and reducing the company’s debt by the same amount covered in a promissory note as well as eliminating $50,000 of short term liabilities owed by the company to third parties.
Issued David Foley, employee, 1,620,000 shares to eliminate compensation past due under the terms of an employment agreement from 2007, and reducing the company’s debt by the same amount covered in a promissory note.
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