InvestorsHub Logo
Followers 163
Posts 15641
Boards Moderated 0
Alias Born 03/11/2005

Re: None

Friday, 02/12/2010 8:33:58 PM

Friday, February 12, 2010 8:33:58 PM

Post# of 55140
From their filing also they mention they are going to do more equity financing in the report

On November 17, 2008 the Company effectuated at 200 to 1 reverse stock split, and as required
all financial statements presented have been restated to reflect this reverse.
• During 2007 the Company issued 62,500 shares of stock increasing the total issued at
December 31, 2007 to 125,648 shares. These shares were valued at market at .10 per share
• During November and December 2008 the company issued 37,521,612 shares for services
valued at the market price of .10
*During the second quarter of 2009 the Company raised the Authorized Share Capital to
1,000,000,000 (1 Billion shares) the Company further issued the Holder of Convertible
Debt 350,000,000 shares to create a trading market in the Company’s stock and to raise
the Company $250,000 to invest in the business.
*During the 3rd Quarter of 2009 the Company increased its authorized share Capital to
2,000,000,000 and issued additional shares to the holder of the convertible debt.
*The Comapany did not increase the number of shares allocated during the quarter

Disclaimer: My posts are IMO, I am not a Professional analyst Do your own DD before investing/trading . My opinion is subject to change quickly depending on market conditions or other considerations!