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Friday, November 14, 2008 10:46:01 PM
2008
In January, 2008, 600,000 shares of common stock were issued for services $0.04 per share reflecting market value. $24,000 was recorded as legal fees.
From February 1 to 21, 2008, 8,550,000 shares of common stock were issued for services $0.08 per share reflecting market value. $684,000 was recorded as consulting fees.
On February 22, 2008, 2,000,000 shares of common stock were issued for services $0.20 per share reflecting market value. $100,000 was recorded as consulting fees.
In March, 2008, 2,000,000 shares of common stock were issued for services $0.23 per share reflecting market value. $322,000 was recoded as legal fees. $138,000 was recorded as consulting fees.
On April 3, April 30, May 5 and June 27, an aggregate of 28,568.96 of preferred shares were converted at the rate of one share of preferred stock to 100 shares of common stock to 28,568,965 common stock.
On April 4, 2008, 2,000,000 shares of common stock were issued to M. Iorlano in settlement of a consulting contract of $400,000.
On April 28, 2008, 600,000 common shares were sold to R. Zamber, realizing $30,000.
On April 28, 2008 115,000 common shares were issued to R.D. Jergens in satisfaction of a claim. $19,550 was recorded as expense.
On April 28, 2008, 100,000 shares were issued to L, Folkes. $17.000 consulting expense was recorded.
On April 30, 2008 1,600,000 common shares were sold to R. Zamber, realizing $80,000.
On April 30, 2008, 1000,000 warrants were exercised by James Consulting for 1,000,000 common shares, realizing $250,000.
On May 2, 2008, 1,000,000 common shares were issued to Steinfield Consulting. Expense of $130,000 was recorded.
On May 2, 2008, 1,000,000 common shares were issued to Management Services. Expense of $132,500 was recorded.
On July 1, 2008, 19,767,863 common shares were issued in payment of a stock dividend to stockholders of record May 2, 2008: one share for each four shares held.
On July 28, 2008, 4,482,758 common shares were issued to preferred stockholders, having converted 44,827.58 preferred shares to common shares in a ratio of I referred to 100 common to 1 preferred.
The total of issued and outstanding common shares at September 30, 2008 and 2007 was 120,512,710 and 42,395,366 respectively.
Preferred Stock
On March 13, 2008 44,827.58 shares of preferred stock were converted, at the rate of one share of preferred stock to 100 shares of common stock, to 4,482,758 shares common stock.
On April 3, April 30, May 5 and June 27, an aggregate of 28,568.96 of preferred shares were converted, at the rate of one share of preferred stock to 100 shares of common stock, to 28,568,965 shares of common stock.
On May 2, 2008, 2,000,000 preferred shares were issued to Jonathan Fullenkamp for proceeds of $200,000, applied to Officer Loan.
On July 28, 2008, 44,827.58 shares of preferred stock were converted to 4,482,758 shares of common stock in a ratio of 100 common to 1 preferred share.
The total of issued and outstanding preferred shares at September 30, 2008 and 2007 was 2,255,172 and 630,517 respectively.
http://www.sec.gov/Archives/edgar/data/700764/000110801708000618/victoryenergy10q.htm
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