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Friday, June 03, 2016 6:29:57 AM
$295,000 in Convertible Notes were given to current and former insiders.
$295,000/$0.0001/share = 2.95 Billion Shares. If they convert lower than $0.0001/share well that's just more fun to be had.
In addition, at least $8,000 is paid in salaries per month ... guess where the money would come from? (I have excluded Honeycutt because it seems like he isn't involved any more).
$8,000 times 7 months (so far) equals $56,000 at $0.0001/share that's 560 Million Shares.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10984409
The Series B Voting Preferred Shares Mr. Forster was issued were returned to the Company and cancelled. Additionally, Mr. Forster returned twenty million shares of the Company’s Common Stock, of which he was the beneficial owner, to the Company in exchange for a Convertible Promissory Note in the amount of One Hundred Twenty Thousand Dollars ($120,000).
Effective November 1, 2015, Mr. Dennis Alexander shall serve as Chairman, Chief Executive Officer and Director, and Ms. Joanne Sylvanus as Chief Financial Officer, Secretary and Director. Mr. Alexander will be issued 500,000 shares of the Series B Voting Preferred Shares as well as 10,000,000 shares of the Company’s Common Stock. Mr. Alexander will receive a salary of Five Thousand Dollars ($5,000) per month and Ms. Slyvanus, Three Thousand Dollars ($3,000) per month. Mr. Alexander will also be issued a Convertible Promissory Note in the amount of One Hundred Thousand Dollars ($100,000).
Effective November 1, 2015, Mr. Bobby Cohen will serve as Chief Capital Purchase Architect for a newly created Capital Purchase Division, and Mr. Timothy Honeycutt will serve as Manager of Business Development of the Capital Purchase Division. Mr. Cohen will receive 50% of the profit for each contract sale for the new Capital Purchase Division and Mr. Honeycutt will received Three Thousand Dollars ($3,000) per month as well as a Convertible Promissory Note in the amount of Seventy Five Thousand Dollars ($75,000).
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