Wednesday, March 11, 2015 5:49:20 PM
SECTION 3 – Securities and Trading Markets
ITEM 3.02. Unregistered Sales of Equity Securities
The registrant, ERF Wireless, Inc. is referred to herein as “we”, “our” or “us”.
From February 28 through March 6, 2015, we issued 60,826,000 common stock shares pursuant to existing Convertible Promissory Notes that have all been reported on in our earlier public filings. We receive no additional compensation at the time of the conversions beyond that previously received at the time the Convertible Promissory Notes were originally issued. The shares were issued at an average of $0.0002 per share. The issuance of the shares constitutes 17.508% of our issued and outstanding shares based on 347,414,201 shares issued and outstanding as of February 27, 2015.
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