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Alias Born | 11/08/2011 |
Monday, September 23, 2019 5:32:08 PM
As of September 23, 2019, 290,048,358 shares of common stock are issued and outstanding (vs. 57,214,486 as of June 11)
Total assets = $65,964 (vs. $105,816 on Apr. 30)
Revenue = $0 (still....)
Common stock issued for debt = 178,176,960 (vs. 7,182,983 in April) - all this while only growing additional paid in capital by $71k
As of July 31, 2019, the Company has negative working capital of $1,053,684.
As of July 31, 2019, we owe Mr. Brown $120,585, which is recorded on the balance sheet
On August 6, 2019, we issued a convertible promissory note to a third party for cash proceeds of $50,000. The note is in the amount of $53,000, and it matures on July 31, 2020. The note bears interest at 8% per year and is convertible into shares of our common stock at a 39% discount to our lowest trading price over the preceding 15 days with a floor on the conversion price of $0.00005.
During the period from August 1, 2019 through September 23, 2019, the holders of the convertible notes payable converted principal of $75,000 and accrued interest of $5,109 into 111,871,398 shares of common stock.
As of July 31, 2019, we had cash on hand of $0.
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