So a rumor just happens to float out
simultaneously with a flood of free shares for all insiders???
On May 5, 2016, we granted an unrelated third party a warrant to acquire 7,500,000 shares of common stock in consideration for services. The warrant has an exercise price of $0.02 per share, with an expiration date of May 13, 2019, and is immediately vested at the date of grant.
On May 11, 2016, we granted a total of 3,100,000 shares of restricted stock to David Loftus, an affiliate of the Company, at a price of $0.02 per share in consideration of a reduction in debt.
On May 11, 2016, we granted a total of 3,380,764 shares of restricted stock to Spanky LLC owned by David Loftus, an affiliate of the Company, at a price of $0.02 per in consideration of a reduction in debt.
On May 12, 2016, The RHL Group, Inc., an entity affiliated with our Chairman & CEO Robert H. Lorsch, elected to purchase 5,000,000 shares of common stock at a price of $0.02 per share in consideration of partial waiver of principal amount under the Tenth Amended Note.
On May 12, 2016, we granted Robert H. Lorsch, our Chairman & CEO, a warrant to acquire 10,000,000 shares of common stock in consideration for services. The warrant has an exercise price of $0.02 per share, with an expiration date of May 13, 2019, and is immediately vested at the date of grant.
On May 12, 2016, we granted Bernard Stolar, a Director and Acting Chief Financial Officer of the Company, a warrant to acquire 1,000,000 shares of common stock in consideration for services as a Director. The warrant has an exercise price of $0.02 per share, with an expiration date of May 13, 2019, and is immediately vested at the date of grant.
On May 12, 2016, we granted Bernard Stolar, a member of our Board of Directors and Acting Chief Financial Officer of the Company, a warrant to acquire 500,000 shares of common stock in consideration for services as Acting CFO. The warrant has an exercise price of $0.02 per share, with an expiration date of May 13, 2019, and is immediately vested at the date of grant.
On May 12, 2016, we granted Titus Day, a member of our Board of Directors, a warrant to acquire 1,000,000 shares of common stock in consideration for services in joining the Board on May 11, 2015. The warrant has an exercise price of $0.02 per share, with an expiration date of May 13, 2019, and is immediately vested at the date of grant.
On May 12, 2016, we granted Titus Day, a member of our Board of Directors, a warrant to acquire 1,000,000 shares of common stock in consideration for services as a Director of the Company. The warrant has an exercise price of $0.02 per share, with an expiration date of May 13, 2019, and is immediately vested at the date of grant.
On May 12, 2016, we granted Mike Finley, a member of our Board of Directors, a warrant to acquire 1,000,000 shares of common stock in consideration for services as a Director of the Company. The warrant has an exercise price of $0.02 per share, with an expiration date of May 13, 2019, and is immediately vested at the date of grant.
On May 12, 2016, we granted Scott Kline a warrant to acquire 500,000 shares of common stock in partial consideration of legal services. The warrant has an exercise price of $0.02 per share, with an expiration date of May 13, 2019, and is immediately vested at the date of grant.
On May 12, 2016, we granted Scott Kline, appointed to the Company's Board of Directors on May 12, 2016, a warrant to acquire 1,000,000 shares of common stock in consideration for services in joining the Board. The warrant has an exercise price of $0.02 per share and vests after December 31, 2016, with an expiration date of January 2, 2020.
On May 12, 2016, we granted Dr. Ivor Royston, a member of our Board of Directors, a warrant to acquire 1,000,000 shares of common stock in consideration for services as a Director of the Company. The warrant has an exercise price of $0.02 per share, and vests after December 31, 2016, with an expiration date of January 2, 2020.
On May 12, 2016, we granted four warrants with a combined total of 2,250,000 shares of common stock to individual employees of the Company in consideration for services. The warrant has an exercise price of $0.02 per share, with an expiration date of May 13, 2019, and is immediately vested at the date of grant.
On May 12, 2016, we granted a warrant to acquire 300,000 shares of common stock to an unrelated third party in consideration for services. The warrant has an exercise price of $0.02 per share, with an expiration date of May 13, 2019, and is immediately vested at the date of grant.
On May 12, 2016, we granted a warrant to acquire 200,000 shares of common stock to an unrelated third party in consideration for services. The warrant has an exercise price of $0.02 per share, with an expiration date of May 13, 2019, and is immediately vested at the date of grant.
On May 12, 2016, we granted a warrant to acquire 200,000 shares of common stock to an unrelated third party in consideration for services. The warrant has an exercise price of $0.02 per share, with an expiration date of May 13, 2019, and is immediately vested at the date of grant.
On May 12, 2016, we granted a warrant to acquire 10,000,000 shares of common stock to an unrelated third party in consideration of legal services. The warrant has an exercise price of $0.04 per share, with an expiration date of May 13, 2019, and is immediately vested at the date of grant.
All securities granted or sold under these agreements are unregistered, non-transferrable and non-saleable, and may only be resold or transferred if they later become registered or fall under an exemption to the Securities Act and applicable state laws.
