Wellstar International (WLSI)

[Slojab]

Are you serious? "IMPRESSIVE"???

Still no revs. This company can't exist much longer, folks.

I couldn't read any further when I got to this point. Read number 6! lol

Supplemental Disclosure of Non-Cash Investing and Financing Activities:


1. During the six months ended January 31, 2010, convertible debentures in the amount of $524,457were converted into 164,457,587 shares of Common Stock.



2. During the six months ended January 31, 2010, two officers were issued Series B Preferred Stock in lieu of salaries for a value of $200,000, no cash was expended.



3. There was an assignment of Convertible Notes Payable of $150,000 from one Lender to new Lenders, which had no effect on cash.



4. During the six months ended January 31, 2009, convertible debentures in the amount of $164,360 were converted into 4,354,000 shares of Common Stock after reflecting a reverse split of 100 - 1

in January 2010.


5. 661,765 shares of Common Stock was issued for services rendered in the six months ended January 31, 2009. After reflecting a reverse split of 100 - 1 in January 2010, the amount was $401,372.



6. During the six months ended January 31, 2009, two officer/stockholders donated 16,112 shares of the Company stock after reflecting a reverse split of 100 - 1 in January 2010 they owed to the Company. This transaction has no effect on cash.