NOTE 8- EQUITY (example of dilution)
At the end of the period represented by this disclosure document, the Company is authorized to issue 25,000,000 shares of $0.001 par value Preferred Stock, of which, 20,000,000 shares of $0.0001 par value convertible Preferred Series A stock are designated and issued. Each share of convertible Preferred Series A Stock is convertible into 10 shares of common stock, has 100 votes, has no dividend rights except as may be declared by the Board of Directors, and has a liquidation preference of $1.00 per share.
The company was authorized to issue 3,000,000,000 shares of $0.0001 par value common stock.
During the twelve months ended December 31, 2019, the company has issued 25,900,000 new shares for the conversion of $25,900 in principal and interest on convertible debt bringing the total outstanding shares to 70,793,815.
During the twelve months ended December 31, 2020, the company has issued 299,500,000 new shares for the conversion of $261,650 in principal and interest on the convertible debt bringing the total outstanding shares to
370,293,815.
During the twelve months ended December 31, 2021, the company issued 353,067,200 new shares for the conversion of $35,306 in principal and interest on the convertible debt bringing the total outstanding shares to
723,361,015.
During the six months ended June 30, 2022, the company issued 350,000,000 new shares for the conversion of $35,000 in Cash bringing the total outstanding shares to 1,073,361,015.
