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Thursday, October 01, 2009 1:43:21 PM
On January 27, 2009 the Company issued 3,125,000 shares at $0.0001 in exchange for loans from three investors.
On February 24, 2009, the Company issued 7,586,219 shares at $0.0176 for debt conversion for four vendors.
Subsequent to the year-end the Company issued 21,346,553 common shares for proceeds of $468,409.
There were also millions of shares issued before that. These shares are not restricted from what I can see. The shares can be sold any time.
Its not a big deal really but the fact remains they have issued shares for loans,services, etc. PAGES 11 AND 12.
Disclaimer: Any message I post about any stock should be read for entertainment purpose only. What do I know I'm just an IHUB poster child.
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