SECTION 3 – Securities and Trading Markets
Item 3.02 Unregistered Sales of Equity Securities
Over the course of March 7, 2015 through March 27,
2015, we issued a total of 714, 916,666 shares of o
ur common stock for the partial
conversion of various convertible notes. The issuances were exempt from registration pursuant to Rule
506 under Regulation D, the investors
are sophisticated and familiar with our operations,
and there was no solicitation in connection with t
he issuances. The dates of the issuances and
the numbers of shares issued are as follows:
None of the securities were sold through an underwr
iter and accordingly, there were no underwriting di
scounts or commissions involved. No
registration rights were granted to any of the purc
hasers. Following these issuances, there were
2,555,071,594
shares of our common stock
issued and outstanding.
