Outstanding Shares
1,323,602,043
02/01/2021
Restricted
341,733,820
02/01/2021
Unrestricted
981,868,223
02/01/2021
Toxic sellers are lurking and billions of shares will be outstanding soon. 3 billion shares . CEO quits. More litigation coming . AND zero transparency on these so called 12 mill sales . Nothing mentioned in subsequent section. Pump and Dump. Re- engineering product to save on 450k. Fun stuff - Pinsky - doesn't want his stock- lol. Fun stuff. Where is the new OTCMARKETS.COM report. Fun stuff. During the six month period ended December 31, 2020, $583,000, plus accrued interest, of the 2019 Variable Rate Convertible Notes were converted into 204,390,925 shares of common stock. Additionally, $20,737, including accrued interest and prepayment penalties, of the 2019 Variable Rate Convertible Notes were repaid. Fun- During the six month period ended December 31, 2020, we received net proceeds, after financing costs incurred, of approximately $100,000 from the issuance and sale of 2019 Variable Rate Convertible Notes, a total of approximately $431,500 from the issuance and sale of 2019 Fixed Rate Convertible Notes and 2020 Fixed Rate Convertible Notes, and approximately $210,000 of working capital line of credit advances. The proceeds received were used to pay the amount due under the Schreiber settlement agreement, to pay certain variable interest notes, and provide working capital.
Going Concern
We continue to incur operating losses and use cash in our operating activities and are dependent upon asset sales, obtaining third party financing or shareholder loans to pursue any acquisitions and continue our operating activities. For these reasons, there is substantial doubt that we will be able to continue as a going concern without further financing. Also refer to the Going Concern section of Note 1 to our unaudited consolidated financial statements.
AI
