lots and lots of dilution last year and this year so far.
f) Other Stock Issues - During the final quarterly period ending 12-31-2013, the Company issued a total of 17,142,851 shares of stock, of which 13,291,000 were issued to Graham Financial Services, Inc. (or their assignees), as per a previously disclosed Debt Conversion transaction (principal creditors benefitting from the proceeds of this transaction include Bedrock Ventures, Delivery Your Audience, Fantastic Films, Hollywood Reporter and Tribune Entertainment). Also during the quarter, company issued a total of 1,851,851 shares to Maremmano Corp. as a separate Debt Conversion transaction, proceeds from which were paid by Maremmano to reduce eligible balances due to Shoreline Entertainment/Mainsail Films and Deluxe Laboratories. One-million each of restricted shares were also issued during Q4 as compensation for outside business consultants to Mohawk Management and Ahnume Business Consultants. A previously executed contract with Greenwood Financial Services, LLC for a planned Debt Conversion was cancelled during Q4; the shares issued for that transaction (6.2-million and 1.7-million) were subsequently cancelled. As of the date of this report, the 6.2-million quantity has been returned to Treasury Stock and the 1.7-million shares are in the process of cancellation. As specified in item A-9 above, Company entered into debt conversion agreement and convertible notes during 2014 which resulted in the receipt of approximately $658,320 in benefit to the Company (both debt relief and working capital), in consideration for the issuance of 82,994,847 shares during 2014, and a subsequent (Jan. 12, 2015) issuance of 9,083,991 shares.
