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Re: None

Monday, 04/23/2018 2:49:57 PM

Monday, April 23, 2018 2:49:57 PM

Post# of 50981
37 billion shares will not magically go "poof"
all one has to do, is read last paragraph in Note 10 from the last 10-Q
.0001 plays are great, but not with more than 5 or 10 billion waiting to convert. 37 billion is off the charts insane to buy into, no matter what lucky charms are being presented to get rid of those shares.
10 million shares will cost only $1,000 but a r/s can turn that into $1 in the blink of an eye.
to risk a 99% or worse haircut is way over the line imo

https://backend.otcmarkets.com/otcapi/company/sec-filings/12392708/content/html

The Company has 8,585,033,257 common shares outstanding, a total of 28,859,390,077 common share equivalents as discussed in Note 4 – Significant Accounting Policies and 448,570 exercisable options and warrants as discussed in Note 12 – Stock Options for a total of 37,444,871,904 shares of common stock and common stock equivalents as of September 30, 2017. With 10,000,000,000 shares authorized, there are insufficient common shares in treasury to meet all of the Company’s common share equivalents obligations. 28,769,390,077 of the common share equivalents arise from outstanding convertible notes payable as discussed in Note 4 – Significant Accounting Policies and Note 8 – Convertible Notes Payable and as such have been recognized as a debt obligation in conjunction with the underlying derivative liabilities as discussed in Note 5 – Derivative Liabilities . The Company plans to remediate this shortfall either through a reverse stock split or an increased in the authorized common stock of the Company.


increase the authorized?????? To what? 50 BILLION???? of course not, they will have to do a reverse, and a very very big r/s at that

beware of the pump it will leave you in the dump

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