Another "related party" windfall???
"Subsequent to September 30, 2015, the Company issued the following shares:
-103,500,000 shares of common stock at a fair value of $451,900 based on the market price on the dates of grant for payment of $162,000 in accounts payable and accrued liabilities to a related party. $289,900 was recorded as loss on settlement of debt."
NO WONDER the Company keeps increasing the Authorized Shares!!!
"On April 17, 2015, the shareholders approved an increase in the number of authorized common stock from 150 million to 650 million common shares, and on August 12, 2015 the shareholders approved another increase in the number of authorized common stock from 650 million to 1.6 billion common shares and an increase from 1 million to 4,000,000 of the number of authorized Series B preferred shares."
From 150M to 1.6BILLION in 4 months
+ the 4x increase in Series B shares...
WHAT A JOKE
