Looks like issuance with severe undercutting drove the price down. At least a 50% discount on most and much more on some. And a DOUBLING of the OS!
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
During the year ended March 31, 2018, the Company did not issue common shares for the following transactions: (i) the Company sold an aggregate of 375,000 shares of common stock, at an average price of $0.29 per share for gross proceeds of $108,000, (ii) an aggregate of 206,098 shares of common stock issuable upon the conversion of convertible notes payable and accrued interest in the amount of $79,379 at an average conversion price of $0.39 per share, (iii) an aggregate of 181,000 shares of common stock issuable to various individuals for services valued at $61,000 or an average price of $0.34 per share. These shares of common stock were previously listed under Common Stock Payable and were issued during the three months ended June 30, 2018.
In April 2018, the Company issued an aggregate of 1,500,000 shares of common stock at an average price of $0.020 per share, upon the conversion of convertible notes and accrued interest thereon of $30,000.
In May 2018, the Company issued an aggregate of 375,000 shares of common stock previously recorded as Common Stock Payable as of March 31, 2018.
In May 2018, the Company issued an aggregate of 9,200,000 shares of common stock at an average price of $0.016 per share, upon the conversion of convertible notes and accrued interest thereon of $149,748.
In May 2018, the Company issued an aggregate of 2,250,000 shares of common stock at an average price of $0.020 to various individuals for services valued at $45,000 at $0.02 per share.
In June 2018, the Company issued an aggregate of 387,098 shares of common stock previously recorded as Common Stock Payable as of March 31, 2018.
In June 2018, the Company issued an aggregate of 2,371,400 shares of common stock at an average price of $0.005 per share, upon the conversion of convertible notes and accrued interest thereon of $11,098.
In June 2018, the Company issued an aggregate of 424,833 shares of common stock at an average price of $0.020 to various individuals for services valued at $8,497.
As of June 30, 2018, the Company had $151,600 in Common Stock Payable for an aggregate of 5,610,000 shares of common stock to be issued. During the three months ended June 30, 2018, the Company did not issue shares of common stock for the following transactions: (i) the Company sold an aggregate of 690,000 shares of common stock, resulting in gross proceeds of $36,000 at an average price of $0.052 per share, and (ii) an aggregate of 4,920,000 shares of common stock issuable to various individuals for services valued at $115,600 at an average price of $0.023 per share. These shares of common stock have not been issued as of the date of this filing.
In connection with the foregoing issuances of common stock, the Company relied upon the exemption from securities registration provided by Section 4(a)(2) under the Securities Act of 1933, as amended and Regulation D thereunder for transactions not involving a public offering.
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