The 10Q could shed some light on if Falak Holdings adds more shares. But notice how they have been hiding it now since they changed the description from "Falak Holdings" to "related party." This is their attempt to mask that Falak Holdings and its subsidiaries are slowly loading the boat but somehow slipped up.
10Q FILED 11/14/2014
NOTE 5 - COMMON STOCK
The Company is authorized to issue 300,000,000 shares of $0.0001 par value common stock. As of September 30, 2014 and March 31, 2014, 234,870,855 and 203,561,951 shares were issued and outstanding, respectively.
In June 2014, the Company issued 20,330,996 shares of its common stock in settlement of $357,825 loan from a related party.
In September 2014, the Company issued 10,977,908 shares of its common stock in settlement of $384,227 loan from a related party.
10Q FILED 08/14/2014
In June 2014, the Company issued 20,330,996 shares of its common stock in settlement of $357,825 loan from related party.
TAKEN FROM THE MOST RECENT 10K it describes the related party as entities designated by Falak Holding!!!
On July 8, 2014, the Company issued 20,330,996 shares of common stock to certain entities designated by Falak Holding in satisfaction of outstanding loan of $357,825.53 at the conversion price of $0.0176 per share.
One can assume that the 10.9 million and the 20.3 million shares issued are all to Falak Holdings entities. Also they have another 4 million issued from 2012. This brings their total to about 35.2 million shares. I expect that they will issue themselves another 25-35 million shares before they announce the funding!!! with another 35 million it would being their total to 70 million shares and at $3 they hedge the projects just from the equity gains in stock.
