This is toast. It would not go straght to .0001 if they open the flood gates, because there are always flippers to trade on the way down. Its all right here, if you take the time to read the financials. Sorry for the bad news! I know it sucks!
The Company is authorized to issue an aggregate of 3,000,000,000 common shares with a par value of $0.0001 per share and 1,000,000 shares of preferred stock with a par value of $0.0001 per share. On August 6, 2013, the Company filed a Certificate of Designation with the Delaware Secretary of State thereby designating two hundred thousand (200,000) shares as Series A Convertible Preferred Stock. No preferred shares have been issued.
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During the six months ended June 30, 2019, the Company elected to convert $1,420 of principal and interest of non-redeemable convertible notes into 14,200,000 shares of common stock of the Company valued at $998,000 ($0.070 per share). The conversions resulted in a loss on settlement of debt of $996,580.
During the six months ended June 30, 2019, the Company issued 30,000,000 shares of common stock to settle shares to be issued (stock payable) valued at $903,000 ($0.0301 per share), which has been recorded over the contract period ended June 30, 2019, for stock based compensation due to the Nadav Elituv, the Chief Executive Officer of the Company.
During the six months ended June 30, 2019, the Company issued 100,000 shares of common stock to settle shares to be issued (stock payable) valued at $8,000 ($0.0800 per share).
During the six months ended June 30, 2019, the Company issued 100,000 shares of common stock valued at $7,000 ($0.0700 per share) for the services.
During the six months ended June 30, 2019, the Company issued 410,000 shares of common stock for $20,500 in cash.
