Tuesday, September 07, 2010 12:13:09 PM
Effective as of August 19, 2010 through August 25, 2010, the Company issued a total of 24,129,608 shares of common stock to investors upon their conversion of certain previously issued convertible promissory notes. Other than the extinguishment of debt principal in the amount of $66,500, no consideration was received by the Company in the transactions. The issuance of shares of common stock were exempt from registration under the Securities Act pursuant to Section 4(2) thereof and/or Rule 506 of Regulation D under the Securities Act. The offering was not conducted in connection with a public offering, and no public solicitation or advertisement was made or relied upon by the investors in connection with the offering. After this conversion, the total number of outstanding shares of common stock is 212,394,709 shares.
in other words today over 30% shares had been traded.
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
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