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Wednesday, February 23, 2011 6:05:41 PM
Most of the financial numbers were completely redone.
Some of the major changes include:
On the original filing they left off the raising of the Preferred B shares to 100,000 in December of 2010
They increased the Debts notes from $1,047,647 to $1,637,094
The provisional patent valued at $2,154,000 was removed from the cash flow investment activities section but still remains in the assets section.
The Cash Flow section was completely re-done with all new numbers straight down the line. The overall value has been significantly reduced.
They changed the Common Stock Issued, Twelve Months Ended December 31, 2010 under the Deficit section from 955000 to -41,597 which changed the overall common stock deficit from $2,306,109 to $1,309,512
The following Debt Note was added that wasn't in the original filing:
A non-interest bearing note dated December 20th, 2010 payable to a non-affiliated company with a one year maturity convertible into common stock at a rate of $0.0001 per share. $ 589,447
Of course they give no required disclosure about who the Note is owed to.
Maybe it is BCE, Inc? From this section of the filing - No ownership was purchased in any entity - Advances from Stockholders financed BCE, Inc. Who is BCE, Inc.?
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