"Effective on December 31, 2009, the Board of Directors of FullCircle Registry Inc. (the "Company"), authorized the settlement of debt with certain creditors, which debt consisted of outstanding accounts payable, advances, loans and accrued interest and other amounts aggregating $149,969.37 (the “Debt”). Further effective on December 31, 2009, the Board of Directors of the Company authorized the issuance of an aggregate of 4,088,105 restricted shares of class A common stock to pay off the Debt."
Nice to see the company able to reduce a sizable portion of its cash notes in exchange for stock. Also, pretty nice conversion rate considering the stock was trading at .015-.02 throughout most of December.
When I saw the 8k, made me think we had heard from the S-1 filing. Got me excited! Hopefully soon.
I trust everyone had a nice holiday and I wish everyone a great 2010. Jim