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Re: None

Wednesday, 05/20/2015 5:58:10 PM

Wednesday, May 20, 2015 5:58:10 PM

Post# of 26212
The "going concern" section obviously is concerning (haha) but I'm encouraged by the below events. People are taking stock and options as payment and debt settlement. If this were a pump and dump I'd be concerned, but since it clearly is not.....sounds promising.

12. Subsequent events

On April 16, 2015, the Corporation paid $56,570 in settlement of a convertible promissory note.

On April 23, 2015, the Corporation issued an aggregate of 300,000 shares as consideration for consulting services rendered and to be rendered.

On May 8, 2015, holders of the 10% senior convertible notes exercised the conversion feature of the notes and converted an aggregate of $3,500 in principal and $46,500 in accrued interest, in exchange for 1,666,667 shares of the Corporation’s common stock.

On May 12, 2015 the Corporation issued an aggregate of 6,500,000 options, with an exercise price of $0.04 per share expiring May 12, 2020

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