On October 13, 2017, the Company issued 3,814,232 shares of common stock to satisfy obligations under share subscription agreements for $47,000 for settlement of services, $11,500 for settlement of notes payable and $44,785 in cash receipts included in share subscriptions payable.
Common Stock Payable
From the period of October 1, 2017 to November 8, 2017, the Company issued subscriptions payable for 4,402,000 shares of common stock ($0.0155 per share) for $68,040 in cash.
From the period of October 1, 2017 to November 8, 2017, the Company issued subscriptions payable for 416,667 shares of common stock ($0.0383 per share) for $15,975 in services.
From the period of October 1, 2017 to November 8, 2017, the Company issued subscriptions payable for 2,000,000 shares of common stock ($0.0400 per share) for $80,000 in equipment.
From the period of October 1, 2017 to November 8, 2017, the Company issued subscriptions payable for 575,000 shares of common stock ($0.0200 per share) for $11,500 in settlement of notes payable.
From the period of October 1, 2017 to November 8, 2017, the Company issued subscriptions payable for 125,000 shares of common stock ($0.0388 per share) for $4,845 in settlement of interest.
Notes Payable
On October 4, 2017, the Company issued a note payable for $10,000 in cash. The note is unsecured, has a term of 90 days, charges a finance fee of $1,500 and is convertible into shares of common stock of the Company at a fixed price of $0.02 per share.
On October 23, 2017, the Company issued a note payable for $15,000 in cash. The note is unsecured, has a term of six months, interest of 20% per annum, charges a finance fee of 75,000 share of common stock of the Company and is convertible into shares of common stock of the Company at a fixed price of $0.10 per share.
On October 28, 2017, the Company issued a note payable for $10,000 in cash. The note is unsecured, has a term of six months, interest of 20% per annum, charges a finance fee of 50,000 share of common stock of the Company and is convertible into shares of common stock of the Company at a fixed price of $0.10 per share.
Do your own research, use third-party sources, and don't buy into the hype.
