![](https://investorshub.advfn.com/uicon/85886.png?cb=1464343178)
Thursday, March 18, 2010 1:15:01 PM
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.
"Give 'em the old Razzle Dazzle.....razzle dazzle 'em"
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