ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
On October 2, 2008, we issued 500,000 shares of common stock to Downshire at a price of $0.20 per share.
On October 2, 2008, we issued 10,000,000 shares of common stock to Michael Levine at a price of $0.20. Mr. Levine is our Chief Executive Officer.
During the period between October 14, 2008 and October 24, 2008, Metro One Development, Inc. converted $1,708,480 in principal and accrued interest under a promissory note into 15,200,000 shares of our common stock, at a conversion price of $0.1125 per share.
On December 8, 2008, Metro One Development, Inc. converted $37,500 in interest accrued under a promissory note into 1,000,000 shares of our common stock, at a conversion price of $0.0375 per share.
On December 22, 2008, Metro One Development, Inc. converted $12,000 in interest accrued under a promissory note into 800,000 shares of our common stock, at a conversion price of $0.0150 per share.
The extraodinary part is the receiver of those shares used shares to pay for promotion to sell those shares into the market. That would be the third party.
These stock promotion web sites are little better than pimps
At least with a prostitute you get something for your money.
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