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Tuesday, September 01, 2015 11:38:30 PM
H1: "111,500,000 shares resulting from Series A Preferred Stock holders converting 1,115,000 shares
Also, between 6/30 and 8/19: "Investors converted 200,000 Convertible Preferred Series A Stock into 20,000,000 shares of common stock."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10874438
Simple math skills are all one needs to realize that he is blowing out stoc. There is one owner of Preferred A (James Farinella). U.S. Securities laws require him to file if he has more than 5% of the stock. 111.5mm is way more than 5%:
Obvious conclusion: Farinella blows out stock. Otherwise, there would be a 13D with his name on it, but there isn't.
Note that it's not clear that it is Farinella, but the 10-Q details how the company is now selling at $0.001:
In Q1, he bought stock at effectively $0.00156 per share:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10774528
Farinella is tooling shareholders here.
If you don't like my posts, don't read them. If you think only those who agree with you should post, then start your own message board. My conclusions are my opinion only, based on what I believe to be true. I have no crystal ball.
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