American Security Resources Corp. (ARSC)

[KOmani]

I posted this before ...

As far as I can tell, the company has 3 Notes outstanding (according to their reports):

1 to "Epic" for $18,500
1 Convertible Note to "St Geo Fund" which apparently has a discount of $482,406.00
1 to Convertible Note "Golden Gate" which also has a discount of $254,300.00

This is $755,206

They also owe suppliers $150,944.13 (called Trade Payable)

And then the CEO is owed $452,955.89
And the COO is owed $477,900.00

They also found a shareholder who loaned them $38,400.42

This all adds up to $1,875,406.44 in Liabilities.

The share price today is less than $0.001, but even if they could get $0.001, that's 1.875 Billion shares to issue.

Company's A/S is 3 Billion.

If/when debt converting is done, the stock may fly ... it just doesn't look like the converting will stop.

The company did a 1 for 8000 split December 2014 and they did a 1 for 2500 split in July 2015.

Altogether that's 1 for 20,000,000 shares.

If someone owned 20 Million shares in November 2014, they now own 1 share that is worth $0.0003 (Current bid).

Again, things can change, but the amount of debt the company has and the recent history doesn't bode well for new investors/traders.