Well...that sucks...geez
Some highlights from the 10Q:
As of March 31, 2016, the company had the below commitments related to its outstanding convertible notes payable.
Commitments: Amount
Within one year $1,625,453
After one year and within 5 years 56,125
Total $1,681,578
so about 168m shares at .01 or 340m shares(right back at where we started pre-split) at .005
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Aside from that provided below, there have been no issuances of securities without registration under the Securities Act of 1933 during the reporting period which were not previously included in a Quarterly Report on Form 10-Q or Current Report on Form 8-K.
During the nine months ended March 31, 2016, we issued 33,393,889 (post-split) shares of common stock valued at $307,446 for the conversion of notes payable.
On or about May 12, 2016, a note holder converted $25,000 worth of debt into 2,243,902 (post-split) shares of our common stock at $0.011 per share.
On or about May 20, 2016, a note holder converted $1,000 worth of debt into 2,000,000 (post-split) shares of our common stock at $0.0005 per share.
During the quarter ended March 31, 2016, we issued warrants to purchase 79,687,500 (post-split) shares of common stock to lenders in connection with loans received by the Company. The warrants have anti-dilution provisions, including a provision for adjustments to the exercise price and to the number of warrant shares purchasable if we issue or sell common shares at a price less than the then current exercise price.