100,000,000 shares of Common Stock, par value $0.001 per share,
authorized
62,100,030 shares of Common Stock issued and outstanding
Interesting to note
Liquidity and Capital Resources The Company has limited capital reserves and has operated on cash flows since 2007. On February 17, 2011, under Rule 506 promulgated under Regulation D of the Securities Act of 1933, as amended, the Company sold 10M Shares of restricted Common Stock, par value .001 per shares at a purchase price of $.005 per share for total proceeds of $50,000. Nature of Offering: Securities Act Rule 506 Jurisdiction: NV Number of Shares Offered: 10,000,000 Number of Shares Sold: 10,000,000 Price of Shares Offered: $.005 Price of Shares Paid: $.005 Trading Status of Shares: Restricted Certificates Contain a Legend: The subscription documents state that the shares have not been registered under the Securities Act and refers to certain restrictions with the distribution of shares.
The Company does not plan to raise any additional Capital until the value cap exceeds 5x revenue. The Company has been trading at approximately 1x revenue for the past six months and Management believes that this is an extremely low valuation for a product firm in the security space.
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