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Thursday, November 14, 2019 10:46:35 AM
Total assets are $13,492
Sales ….. $0
And more dilution, of course.
145,199,289 as of 9/30/18
197,009,289 as of 6/30/19
299,249,929 as of 9/30/19
405,749,929 as of 10/31/2019
466,749,929 as of 11/8/2019
(see "Stock based compensation - officer" for '17, '18 and '19 as well as convertible notes)
During the nine months ended September 30, 2019, the Company issued 50,000,000 shares of common stock valued at $765,000 ($0.0153 per share) for stock based compensation due to Nadav Elituv, the Chief Executive Officer of the Company.
During the nine months ended September 30, 2019, the Company issued 1,523,824 shares of common stock valued at $9,448 ($0.0062 per share), to settle advances payable due to Nadav Elituv, the Chief Executive Officer of the Company
Total assets are $13,492
Sales ….. $0
On January 17, 2019, the Company entered into an agreement to purchase a 100% interest in the Colombian License held by Plantro Inc S.A.S. The transaction is subject to the Company’s satisfaction that it can acquire the License free and clear of all encumbrances, completion of due diligence, receipt of any third-party consents and there being no material adverse change in the License. The Company has agreed to issue ten million (10,000,000) restricted shares of its common stock and pay a royalty of 15% of net income, calculated in accordance with US GAAP, earned from the License to Plantro Inc S.A.S. The transaction was originally expected to close on February 15, 2019. On February 27, 2019, the Company announced the closing of the transaction was extended to the week of April 4, 2019 to satisfy the conditions placed on Plantro Inc S.A.S. We currently believe that the transaction will close by the end of the first quarter of 2020.
NOTE 11 - SUBSEQUENT EVENTS
From October 1, 2019 to November 8, 2019, the Company elected to convert $10,550 of principal and interest of non-redeemable convertible notes into 105,500,000 shares of common stock of the Company with a fair value of $170,150.
From October 1, 2019 to November 8, 2019, the Holder of the Convertible note elected to convert $41,130 of principal into 62,000,000 shares of common stock of the Company with a fair value of $80,800.
On November 1, 2019, the Company issued 30,000 shares of Series A Convertible Preferred Stock for stock based compensation due to Nadav Elituv, the Chief Executive Officer of the Company.
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
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