Warrants
On December 19, 2016, the Company issued three warrants to Lakeshore Recycling Systems, LLC (LRS). The first warrant allows LRS to purchase up to five and one third percent of issued and outstanding shares of common stock of the Company at the time of exercise of the warrant at a price of $0.0003. The second warrant allows LRS to purchase up to five and one third percent of issued and outstanding shares of common stock of the Company at the time of exercise of the warrant at a price of $0.0025. The third warrant allows LRS to purchase up to five and one third percent of issued and outstanding shares of common stock of the Company at the time of exercise of the warrant at a price of $0.005. The exercise time of the warrants is the period between March 15, 2017 and December 15, 2026.
Warrants
Balance December 31, 2015
-
Warrants granted – Lakeshore Recycling Systems, LLC
519,567,390
Balance December 31, 2016
519,567,390
As of December 31, 2016, the warrants have an intrinsic value of $207,827.
READ PEOPLE!!! READ!!!
Rule 1. DON'T GET GREEDY!
Rule 2. Go back to rule #1. GREED.
INFORMATION PROVIDED IS MY DUE DILIGENCE AND OPINION ONLY.
