Common Stock Issuances
I see 1 new added amount to Common Shares
On March 16, 2021, the Company entered into a debt settlement agreement to settle the debt for Mount Fire 29
Corp balance of $3,500,000, Day Break Communications, LLC outstanding balance of $150,000, and World
Equity Group, Inc of $219,000. The Company has not paid any of the amounts according to the purchase
agreement. On May 4, 2021, the court ordered the Company to deliver its common shares pursuant to Section
3(a)(10) of the Securities Act of 1933 to EROP Enterprises LLC, who acquired the debt owed by the Company,
and in full settlement of the claims until EROP’s gross sales of the Company’s stock equal to $6,448,333.
On April 8, 2021, the Company issued 13,000 shares of its common stock to Deepak Panjwani as an upfront bonus
for signing a director contract. The issuance has been recorded as stock compensation of $10,467 at fair value of
$0.78. 3,250 shares of common stock shall be vested every quarter served as director for the term of the
employment agreement.
On May 31, 2021, the Company issued 142,857 shares of its common stock each to Benjamin Widjaja and Tony
Thai in exchange with their accounting consultant services. The share has been recorded as stock compensation
at fair value of $170,000 for the year ended August 31, 2021.
On September 27, 2022, the company entered in to a Subscription agreement where the company issued 625,000
shares of its common stock to an investor at $.04 per share. The agreement is valued at $25,000.
On January 19, 2023, the company entered in to a Subscription agreement where the company issued 1,250,000 shares of its common stock to an investor at $.04 per share or $50,000.
Options
During the year ended August 31, 2022 and six months ended February 28, 2023 the Company did not grant any
stock options.
As of February 28, 2023, the Company did not have any stock options outstanding.
Warrants
As of February 28, 2023, the Company did not have any warrants issued and/or outstanding.
Analysis of Common Stock Issuable Upon Conversion 35
The following table details the total number of shares of the Company’s common stock that would be issued and
outstanding if (i) all convertible debt and related accrued and unpaid interest and (ii) warrants related to the 8%
convertible note's volume weighted average price (VWAP) stipulation were converted into shares of the
Company’s common stock as of February 28, 2023:
As of February 28, 2023
Shares issued and outstanding as of February 28, 2023 23,130,278
Shares issuable upon conversion of 8% convertible note principal and accrued interest 108,986
Shares issuable upon conversion of 10% convertible note principal and accrued interest 81,288,115
Shares issuable related to 8% convertible note's volume weighted
average price (VWAP) stipulation 172,261
Total number of potentially issuable shares of common stock 104,699,639
Total number of shares of common stock authorized 310,000,000
Total number of shares of common stock available for issuance at February 28, 2023 205,300,361
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