Friday, March 12, 2010 10:56:45 AM
As of the filing date of the S-1 there are 8,981,501,513 common shares issued and outstanding.
Certificate of Incorporation authorizes the issuance of up to 50 million (50,000,000) shares of preferred stock with designations, rights and preferences determined from time to time by its Board of Directors. Currently, the Company has designated Series A of Preferred Stock. The Series A Preferred has 25,000,000 shares authorized and 5,000,000 shares were issued on March 1, 2010
Management currently owns approximately 40% of all the issued and outstanding common stock of the Company and 100% of the preferred stock issued and outstanding.
S-1 filed March 2, 2010 covers the resale by selling stockholders of up to 6,898,426,636 shares of our common stock, par value $0.0001 per share.
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