Tonner One World Holdings Inc (TONR)

[Chocolate Al]

"Subsequent to June 30, 2015, we issued a total of 28,972,334 shares of our common stock for debt conversions of $35,100 principal and $2,926 accrued interest payable."

I guess OWOO either:
a. gave the lenders the stock in lieu of cash payment, i.e. "converted" or
b. lied in their filings.

I'm going to go with "a."

I guess a seasoned con man would argue about the particular verb used to describe the transaction detailed in the 10Q, but the fact remains the same. Shares were delivered in lieu of payment on this note, or they didn't. And if shares didn't change hands, then OWOO has bigger problems than dolls that nobody wants.