jamesf402 Thursday, 08/04/16 12:15:04 PM Re: Bubba P post# 53661 Post # 53662 of 53664 Go Ya their planning on how to dump another 10 billion on the public
Maybe more like that 25-BILLION !
As of December 31, 2015, there are outstanding securities convertible into or exchangeable for an aggregate of approximately 25,179,598,731 shares of our common stock as of December 31, 2015, which, if converted or exchanged, will substantially dilute our existing stockholders.
The Company currently has outstanding notes and securities convertible into or exchangeable for an aggregate of 22,979,115,217 shares of common stock under certain conditions. If these securities are converted into or exchanged for common stock, their issuance would have a substantial dilutive effect on the percentage ownership of our current stockholders. These securities consist of: options to purchase 1,650 shares of our common stock at an average purchase price of $0.34 per share, warrants to purchase 88,014 shares at a purchase price of 55% of the current market price, 25,179,248,000 shares of common stock pursuant to the conversion terms of $1,258,962 in outstanding convertible promissory notes and the conversion of Class A and B Preferred stock into 261,067 shares of common stock.
Our common stock trades only in an illiquid trading market, which generally results in lower prices for our common stock.
Trading of our common stock is conducted on the Over-The-Counter Quotation Board. This has an adverse effect on the liquidity of our common stock, not only in terms of the number of shares that can be bought and sold at a given price, but also through delays in the timing of transactions and the lack of security analysts’ and the media’s coverage of our Company and its common stock. This may result in lower prices for our common stock than might otherwise be obtained and could also result in a larger spread between the bid and asked prices for our common stock.
We have not paid dividends to date, and have no intention of paying dividends to our stockholders.
To date, we have not paid any cash dividends and do not anticipate the payment of cash dividends in the foreseeable future. Accordingly, the only return on an investment in our common stock, if any, may occur upon a subsequent sale of the shares of common stock.
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