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Re: None

Thursday, 05/03/2018 7:47:27 AM

Thursday, May 03, 2018 7:47:27 AM

Post# of 50981
37 billion share elephant in the room from 10-Q:
https://backend.otcmarkets.com/otcapi/company/sec-filings/12392708/content/html

NOTE 10:

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 a/s????? to what, 50 billion????


beware of the pump it will leave you in the dump

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