Tuesday, June 11, 2019 10:31:04 AM
During the three months ended February 28, 2018, the Company issued 511,375,100 shares of common stock in exchange for the conversion of $12,785 of interest payable on convertible debt principal.
On January 9, 2019, issued 210,850,000 shares of the Company’s common stock in exchange for the conversion of $6,325 of convertible debt principal. See Note 9.
On January 15, 2019, issued 210,850,000 shares of the Company’s common stock in exchange for the conversion of $6,325 of convertible debt principal. See Note 9.
This is why it will be impossible to move off 1's here. Just in the last 18 months or so you have close to 1 billion worth of shares that are acquired at essentially .000025 and .00003. Dumping them into any bid nets these guys 3-4x their original investment. Yes most of these have probably been dumped in the last round of volume but this never stops with Viola. Continually converting these shares for pocket change and then they get passed to shareholders who are stuck.
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