Have you seen this post? Is this flexing muscle? It's a sad state of affairs.
Financials filed by current management states they are starting out with $38,636 in assets and $828,568 in debt. $348,000 of that debt is convertible at .0025 a share, adding another 140,000,000 shares.
.......permits the holder to convert.....into shares or common stock at a conversion price of $0.0025 per share.
In May 2014, the Company received a conversion notice requesting the issuance of 4,781,200 shares upon conversion of $11,953 of the note’s outstanding balance.
Unless you can show me on the financials filed by the new management where it states that is incorrect/old information.
The attorney letter states the older filings are accurate.
Annual Report for the period ending 12/31/14 May 12, 2015
Supplemental Information ending 9/30/14 December 6, 2014
Supplemental Information ending 9/30/14 December 6, 2014
Quarterly Report for the period ending 9/30/14 November 13, 2014
Quarterly Report (restated) for the period ending 6/30/14 October 27, 2014
Quarterly Report (restated) for the period ending 3/31/14 October 27, 2014
Quarterly Report for the period ending 6/30/14 August 14, 2014
Quarterly Report for the period ending 3/31/14 June 9, 2014
Quarterly Report (amended) for the period ending 3/31/14 May 15, 2014
Quarterly Report for the period ending 3/31/14 May 11, 2014
Annual Report for the period ending 12/31/13 April 12, 2014
After reasonable investigation I have no reason to believe that, at the time such information was submitted to OTC Markets, the information contained any untrue statement of material fact or failed to state a material fact necessary in order to make any statement proffered, in light of the circumstances under which it was made, not misleading.
".0025 a share conversion rate,
"In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. (Now $348,000 or 140 MILLION SHARES)"
