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Thursday, August 04, 2011 10:12:05 PM

Re: None

Post# of 201255
FLTT - wow that is some serious dilution


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Let's start with the charts

2 Year Chart:



1 Year Chart:




FLTT diluted the stock down from over $.30/share to almost worthless then did a 1:20 Reverse Split in January of 2011 that reset the stock up to over $.01/share just to be diluted back down to today's close of $.001/share.


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Next the trickle down financing agreements with Kodiak Capital

On June 9, 2011, FLTT got approval to issued up to 50,000,000 shares to Kodiak Capital at a 5% discount to the lowest closing Bid Price of the stock over the previous 5 trading days to be issued in trenches based on the average trading volume over the same period.

http://www.sec.gov/Archives/edgar/data/832370/000083237011000033/forms_1a.htm

Kodiak must have had no problem breezing through those shares because on July 12, 2011 FLTT did another S-1 filing to register another 60,000,000 to sell to Kodiak Capital at the same discounted rate:

http://www.sec.gov/Archives/edgar/data/832370/000083237011000037/forms_1.htm



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Next the debt issues

The last available financial report shows that FLTT's debt issues have gotten significantly worse pretty much across the board over the past 9 months:




Accrued Interest up from $650,897 to $2,117,115
Convertible Notes Payable up from $517,059 to $2,029,093
Total Liabilities up from $13,066,017 to $17,640,549

All today FLTT has over $6,000,000 in debt Notes and over $2,000,000 in Interest owed.

That's over $8,000,000 in Debts due up $3,000,000 over the past 9 months



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Why is it bad to have millions of dollars in debt Notes and interest due?


Because of this (millions of discounted free trading shares being issued by the company every few days towards debts that are only getting bigger despite the sick dilution):

warning lots and lots of debt note conversions about to be listed feel free to skip past them to read the rest of the post

On July 22, 2008, the Company issued 741,818 shares of common stock to Flint Telecom, Ltd. upon conversion of a $200,000 promissory note. We issued these shares upon the exemption of the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering of securities.

On October 1, 2008, the Company issued 250,000 warrants to purchase shares of our common stock at $0.40 per share to one holder as part of the consideration for a $250,000 investment. These shares underlying the warrants were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 1, 2008, the Company issued 1,752,500 warrants to purchase shares of the Company’s common stock at $0.50 per share to three holders as part of the consideration for a $1,752,500 investment. These shares underlying the warrants were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 2, 2008, the Company issued 8,410,000 shares of the Company’s common stock were to a total of eight directors, officers and employees as part of their continued and/or new employment. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 2, 2008, the Company issued 3,508,000 shares of the Company’s common stock to Anthony LaPine as part of his continued employment. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On November 10, 2008, the Company issued 250,000 warrants to purchase shares of the Company’s common stock at $0.40 per share to one holder as part of the consideration for a $250,000 cash investment. These shares underlying the warrants were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 2, 2008, the Company issued 629,064 shares of the Company’s common stock to five note holders upon conversion of $172,993 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 11, 2008, the Company issued 1,257,201 shares of the Company’s common stock were to 11 note holders upon conversion of $345,730 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 24, 2008, the Company issued 999,091 shares of common stock to eight note holders upon conversion of $274,750 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On January 8, 2009, the Company issued 797,786 shares of the Company’s common stock were to three note holders upon conversion of $214,062 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On January 21, 2009, the Company issued 200,000 shares of the Company’s common stock to four former employees as part of their employment separation packages. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 2, 2009, the Company issued 21,000,000 shares of the Company’s common stock to China Voice Holding Corp. as consideration for the purchase of certain of its U.S. subsidiary companies, valued at $7,980,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 2, 2009, the Company issued 2,000,000 shares of the Company’s common stock to Bill Burbank as part of his employment compensation. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 9, 2009, the Company issued 1,454,545 shares of the Company’s common stock to one accredited investor in exchange for $400,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 9, 2009, the Company issued 100,000 shares of the Company’s common stock to one consultant for services rendered worth $37,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 9, 2009, the Company issued 1,000,000 shares of the Company’s common stock to two executive officers as part of their employment compensation. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 11, 2009, the Company issued 3,756,538 shares of the Company’s common stock to nine note holders upon conversion of $1,025,636 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 1, 2009, the Company issued 100,000 shares of the Company’s common stock to one accredited investor in exchange for $20,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 1, 2009, the Company issued 100,000 shares of the Company’s common stock to two former employees as part of their employment separation packages. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 18, 2009, the Company issued 4,430,000 shares of the Company’s common stock to 14 employees as part of their employment compensation. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 18, 2009, the Company issued 806,701 shares of the Company’s common stock to one note holder upon conversion of $221,843 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 24, 2009, the Company issued 125,000 shares of common stock to a new employee as part of their employment compensation. These shares underlying the warrants were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 6, 2009, the Company issued 300,000 shares of the Company’s common stock and a $300,000 promissory note was issued to one accredited investor in exchange for $300,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 6, 2009, the Company issued 150,000 shares of the Company’s common stock to two consultants for $22,000 worth of services rendered. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 6, 2009, the Company issued 380,000 shares of the Company’s common stock were issued to three employees as part of their employment compensation. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 7, 2009, the Company issued 72,727 shares of the Company’s common stock to a note holder upon conversion of a $20,000 promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 20, 2009, 179,697 shares of common stock were issued to a note holder upon conversion of a $49,417 promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 24, 2009, the Company issued 1,800,000 shares of Series C Convertible Preferred Stock to China Voice Holding Corp. (CHVC), valued at $1,800,000, as part of an amendment to the structure of the consideration paid for the acquisition of six of CHVC’s U.S. subsidiary companies. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 8, 2009, the Company issued 429,468 shares of the Company’s common stock to three note holders upon conversion of $117,250 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 9, 2009, the Company issued 360,000 shares of the Company’s common stock to two investors as part of their compensation for $445,920 invested. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 9, 2009, 50,000 shares of common stock were issued to a consultant for services rendered worth $17,500. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 9, 2009, the Company issued 3,260,000 shares of the Company’s common stock to an investor as part of an amendment to the structure of his existing investment worth $1,386,066. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 19, 2009, the Company issued 382,738 shares of the Company’s common stock to a note holder upon conversion of a $105,253 promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 23, 2009, the Company issued 1,500,000 shares of the Company’s common stock to HotItem, LLC in exchange for an asset acquisition worth €823,407. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 24, 2009, the Company issued 29,296 shares of the Company’s common stock to a note holder upon conversion of a $8,057 promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 29, 2009, the Company issued 243,856 shares of the Company’s common stock to two note holders upon conversion of $66,070 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 30, 2009, the Company issued 2,181,818 warrants to purchase shares of the Company’s common stock at $0.35 per share to three holders as part of the consideration for a $510,000 investment. These shares underlying the warrants were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 30, 2009, the Company issued 2,181,818 warrants to purchase shares of the Company’s common stock at $0.35 per share to three holders as part of the consideration for a debt restructure worth $600,000. These shares underlying the warrants were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 30, 2009, the Company issued 152,727 warrants to purchase shares of the Company’s common stock at $0.275 per share to one holder as part of an investment broker fee worth $50,000. These shares underlying the warrants were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On July 1, 2009, the Company issued 2,392,467 shares of the Company’s common stock to three note holders upon conversion of $540,156 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On July 2, 2009, the Company issued 1,670,716 shares of the Company’s common stock to three note holders upon conversion of $426,941 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On August 13, 2009, the Company issued 501,515 shares of the Company’s common stock to two consultants for services rendered worth a total of $185,561. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On August 18, 2009, the Company issued 200,000 warrants to purchase shares of the Company’s common stock at $0.50 per share to one holder as part of the consideration for an investment of $100,000. These shares underlying the warrants were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On September 25, 2009, the Company issued 92,411 shares of the Company’s common stock to one note holder upon conversion of a $25,413 promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On September 25, 2009, the Company issued 334,000 shares of the Company’s common stock to 2 note holders upon conversion of $91,850 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 6, 2009, the Company issued 1,250,000 shares of the Company’s common stock to a total of five officers, directors and employees as part of their employment compensation. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 15, 2009, the Company issued 250,000 warrants to purchase shares of the Company’s common stock at $0.30 per share to one holder as part of the consideration for a $250,000 investment. These shares underlying the warrants were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 22, 2009, the Company issued 350,000 shares of the Company’s common stock to a consultant for services rendered worth $42,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On November 13, 2009, the Company issued 150,000 shares of the Company’s common stock worth $15,000 to DataSales as part of a settlement for fees owed under an equipment lease. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 10, 2009, the Company issued (i) 1,036,363 warrants to purchase shares of the Company’s common stock at $0.01 per share to three holders and (ii) 4,145,454 warrants were repriced from $0.35 per share to $0.01 per share due to an event of default being triggered. One holder cashlessly exercised 2,454,545 of these warrants into 1,963,636 shares of the Company’s common stock on March 19, 2010. These shares and shares underlying the warrants were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On January 14, 2010, the Company issued 2,000,000 shares of the Company’s common stock to two consultants for services rendered worth $190,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 5, 2010, the Company issued 302,000 shares of the Company’s Series E Convertible Preferred Shares to one holder, valued at $3,020,000 and convertible into a maximum potential total of 10,981,818 shares of common stock. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 23, 2010, the Company issued 1,000,000 shares of the Company’s common stock to a note holder upon conversion of $6,183 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 23, 2010, the Company issued 6,000,000 shares of the Company’s common stock to a former executive officer as part of his employment separation package. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 16, 2010, the Company issued 250,000 shares of the Company’s common stock to two executive officers as part of their employment compensation. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 19, 2010, the Company issued 1,963,636 shares of the Company’s common stock to a warrant holder upon the cashless exercise of 2,454,545 warrants. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 29, 2010, the Company issued 571,429 shares of the Company’s common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 12, 2010, the Company issued 1,000,000 shares of the Company’s common stock to a consultant as part of a settlement agreement worth $40,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 4, 2010, the Company issued 1,680,672 shares of the Company’s common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 6, 2010, the Company issued 10,200,000 shares of the Company’s common stock were issued to four consultants for services rendered worth $200,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 6, 2010, the Company issued 1,666,667 shares of the Company’s common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 13, 2010, the Company issued 500,000 shares of the Company’s common stock to a consultant for services rendered worth $25,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 21, 2010, the Company issued 2,575,758 shares of the Company’s common stock were issued to a note holder upon conversion of $8,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 27, 2010, the Company issued (i) 10,000,000 shares of the Company’s common stock and (ii) 60,000 shares of the Company’s Series D Convertible Preferred Stock to a consultant for services rendered worth $99,200. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 8, 2010, the Company issued 2,000,000 shares of the Company’s common stock to a note holder upon conversion of $20,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 8, 2010, the Company issued 2,000,000 shares of the Company’s common stock to a note holder upon conversion of $80,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 8, 2010, the Company issued 600,000 shares of the Company’s common stock to a note holder upon conversion of $6,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 17, 2010, the Company issued 153,000 shares of the Company’s Series F Convertible Preferred Stock to one holder having a value of $1,530,000 and which are convertible into 30,600,000 shares of common stock. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 17, 2010, the Company issued 153,779.66 shares of the Company’s Series G Convertible Preferred Stock to one holder having a value of $130,718 and convertible into a total of 15,377,966 shares of common stock. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 18, 2010, the Company issued 11,288,700 shares of the Company’s common stock to a note holder upon conversion of $84,665 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 18, 2010, the Company issued 3,125,000 shares of the Company’s common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 22, 2010, the Company issued 1,666,667 shares of the Company’s common stock to a note holder upon conversion of $25,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 22, 2010, the Company issued 5,000,000 shares of the Company’s common stock to a note holder upon conversion of $25,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 22, 2010, the Company issued 2,000,000 shares of the Company’s common stock to a note holder upon conversion of $6,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 22, 2010, the Company issued 500,000 shares of the Company’s common stock to a consultant for services rendered worth $25,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On July 2, 2010, the Company issued 4,736,842 shares of the Company’s common stock to a note holder upon conversion of $9,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On July 9, 2010, the Company issued 3,529,411 shares of the Company’s common stock to a note holder upon conversion of $6,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On August 11, 2010, the Company issued 5,090,909 shares of the Company’s common stock to a note holder upon conversion of $2,800 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On August 19, 2010, the Company issued 6,000,000 shares of the Company’s common stock upon the conversion of 60,000 shares of Series D Preferred Stock, worth $22,200. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On August 20, 2010, the Company issued 2,666,667 shares of the Company’s common stock to a note holder upon conversion of $2,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On August 20, 2010, the Company issued 77,000,000 shares of the Company’s common stock to eight note holders upon conversion of $45,600 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On August 25, 2010, the Company issued 15,000,000 shares of the Company’s common stock to two executive officers as part of their employment compensation. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On August 25, 2010, the Company issued 6,250,000 shares of the Company’s common stock to a consultant for services rendered worth $19,375. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On August 27, 2010, the Company issued 34,135,000 shares of the Company’s common stock to three note holders upon conversion of $22,500 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On August 31, 2010, the Company issued 15,000,000 shares of the Company’s common stock to four note holders upon conversion of $8,250 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On September 2, 2010, the Company issued 3,636,364 shares of the Company’s common stock were issued to a note holder upon conversion of $2,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On September 3, 2010, the Company issued 2,000,000 shares of the Company’s common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On September 7, 2010, the Company issued 3,846,154 shares of the Company’s common stock to a note holder upon conversion of $5,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On September 7, 2010, the Company issued 5,384,615 shares of the Company’s common stock were issued to a note holder upon conversion of $3,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On September 30, 2010, the Company issued 2,800,000 shares of the Company’s common stock to a note holder upon conversion of $3,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 4, 2010, the Company issued 1,666,667 shares of the Company’s common stock to a note holder upon conversion of $3,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 8, 2010, the Company issued 12,953,368 shares of the Company’s common stock to a note holder upon conversion of $40,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 9, 2010, the Company issued 2,571,429 shares of the Company’s common stock to a note holder upon conversion of $4,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 10, 2010, the Company issued 3,714,286 shares of the Company’s common stock to a note holder upon conversion of $6,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 11, 2010, the Company issued 4,285,714 shares of the Company’s common stock to a note holder upon conversion of $7,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 12, 2010, the Company issued 7,428,571 shares of the Company’s common stock to a note holder upon conversion of $13,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 12, 2010, the Company issued 8,934,857 shares of the Company’s common stock to a note holder upon conversion of $15,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 19, 2010, the Company issued 10,000,000 shares of the Company’s common stock were issued to a note holder upon conversion of $6,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 20, 2010, the Company issued 18,000,000 shares of the Company’s common stock to a note holder upon conversion of $13,950 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 21, 2010, the Company issued 4,166,667 shares of the Company’s common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 21, 2010, the Company issued 15,000,000 shares of the Company’s common stock were issued to a note holder upon conversion of $11,250 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 25, 2010, the Company issued 2,000,000 shares of the Company’s common stock to a note holder upon conversion of $16,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 25, 2010, the Company issued 10,000,000 shares of the Company’s common stock were issued to a key employee as part of his compensation for continued employment. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 25, 2010, the Company issued 300,000 shares of the Company’s Series H Convertible Preferred Stock were issued to ten holders in exchange for all of the stock of Power2Process and Ingedigit International Inc. valued at $3,000,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 26, 2010, the Company issued 4,250,000 shares of the Company’s common stock to a note holder upon conversion of $8,200 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On October 29, 2010, the Company issued 50,000,000 shares of the Company’s common stock to five note holders upon conversion of a total of $30,000 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On November 11, 2010, the Company issued 18,382,352 shares of common stock to 2 note holders upon conversion of a total of $45,000 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On November 16, 2010, the Company issued 10,666,667 shares of common stock to a note holder upon conversion of $14,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On November 18, 2010, the Company issued 9,838,710 shares of common stock to 2 note holders upon conversion of a total of $11,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On November 19, 2010, the Company issued 2,618,182 shares of common stock to a note holder upon conversion of $3,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On November 23, 2010, the Company issued 8,333,333 shares of common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On November 24, 2010, the Company issued 3,225,108 shares of common stock to a note holder upon conversion of $3,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On November 29, 2010, the Company issued 9,090,909 shares of common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On November 29, 2010, the Company issued 15,000,000 shares of common stock to a note holder upon conversion of $9,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On November 29, 2010, the Company issued 10,000,000 shares of common stock to a note holder upon conversion of $9,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 1, 2010, the Company issued 10,000,000 shares of common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 2, 2010, the Company issued 30,000,000 shares to one consultant as partial consideration for services rendered, worth $66,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 2, 2010, the Company issued 30,000,000 shares of common stock to two note holders upon conversion of $26,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 3, 2010, the Company issued 25,000,000 shares of common stock to a note holder upon conversion of $30,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 6, 2010, the Company issued 30,000,000 shares of common stock to two note holders upon conversion of $26,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 7, 2010, the Company issued 12,888,889 shares of common stock to a note holder upon conversion of $11,600 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 8, 2010, the Company issued 21,666,666 shares of common stock to a note holder upon conversion of $16,250 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 10, 2010, the Company issued 10,000,000 shares of common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 14, 2010, the Company issued 11,111,111 shares of common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 16, 2010, the Company issued 12,444,444 shares of common stock to a note holder upon conversion of $11,200 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On December 29, 2010, the Company issued 30,000,000 shares of common stock to a note holder upon conversion of $30,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

The following share numbers and per share prices are quoted post 1:20 stock split that went effective January 14, 2011.

On January 24, 2011, the Company issued 1,666,666 shares of common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 1, 2011, the Company issued 1,000,000 shares of common stock to a note holder upon conversion of $6,200 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 3, 2011, the Company issued 2,000,000 shares of common stock to a note holder upon conversion of $15,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 3, 2011, the Company issued 1,000,000 shares of common stock to a note holder upon conversion of $3,752 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 4, 2011, the Company issued 430,987 shares of common stock to a note holder upon conversion of $5,603 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 4, 2011, the Company issued 1,500,000 shares of common stock to a consultant for services rendered worth $24,000. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 10, 2011, the Company issued 3,571,428 shares of common stock to two note holders upon conversion of $50,000 worth of two promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 17, 2011, the Company issued 1,000,000 shares of common stock to a note holder upon conversion of $15,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 18, 2011, the Company issued 1,562,500 shares of common stock to a note holder upon conversion of $5,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On February 24, 2011, the Company issued 2,500,000 shares of common stock to a note holder upon conversion of $9,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 2, 2011, the Company issued 1,562,500 shares of common stock to a note holder upon conversion of $5,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 3, 2011, the Company issued 1,600,000 shares of common stock to a note holder upon conversion of $6,065 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 10, 2011, the Company issued 3,000,000 shares of common stock to a note holder upon conversion of $11,100 worth of a promissory note.These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 11, 2011, the Company issued 4,000,000 shares of common stock to two note holders upon conversion of $20,000 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.
Also on March 11, 2011, the Company issued 1,666,667 shares of common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 12, 2011, the Company issued 2,400,000 shares of common stock to a note holder upon conversion of $9,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 23, 2011, the Company issued 1,521,739 shares of common stock to a note holder upon conversion of $7,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 23, 2011, the Company issued 600,000 shares of common stock to a note holder upon conversion of $2,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 30, 2011, the Company issued 2,055,556 shares of common stock to a note holder upon conversion of $7,400 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On March 31, 2011, the Company issued 4,000,000 shares of common stock to a note holder upon conversion of $14,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 13, 2011, the Company issued 5,357,142 shares of common stock to two note holders upon conversion of $30,000 worth of promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 14, 2011, the Company issued 2,000,000 shares of common stock to a note holder upon conversion of $5,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 15, 2011, the Company issued 4,000,000 shares of common stock to a note holder upon conversion of $14,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 18, 2011, the Company issued 4,000,000 shares of common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 18, 2011, the Company issued 3,703,703 shares of common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 21, 2011, the Company issued 3,389,831 shares of common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 26, 2011, the Company issued 3,000,000 shares of common stock to a note holder upon conversion of $7,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

Also on April 26, 2011, the Company issued 4,000,000 shares of common stock to a note holder upon conversion of $14,000 worth of a convertible promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 27, 2011, the Company issued 3,076,923 shares of common stock to a note holder upon conversion of $8,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On April 29, 2011, the Company issued 2,500,000 shares of common stock to a note holder upon conversion of $4,875 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 2, 2011, the Company issued 3,000,000 shares of common stock to a note holder upon conversion of $5,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 10, 2011, the Company issued a total of 5,000,000 shares of restricted common stock to 3 individuals in exchange for an investment of a total of $27,500 which occurred in March 2011. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

Also on May 10, 2011, the Company issued 75,000 shares of restricted common stock to an executive officer as part of their employment compensation and pursuant to the vesting of shares previously granted. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 11, 2011, the Company issued 5,789,475 shares of common stock to a note holder upon conversion of $11,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

Also on May 11, 2011, the Company issued 5,000,000 shares of common stock to a note holder upon conversion of $25,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 12, 2011, the Company issued 2,000,000 shares of common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 13, 2011, the Company issued 6,000,000 shares of common stock to a note holder upon conversion of $29,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 16, 2011, the Company issued 6,451,613 shares of common stock to a note holder upon conversion of $10,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 12th and 18th of 2011, the Company issued 8,300,000 shares of common stock to one note holder upon conversion of $13,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 24, 2011, the Company issued 4,000,000 shares of common stock to a note holder upon conversion of $6,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 25, 2011, the Company issued 6,428,571 shares of common stock to a note holder upon conversion of $9,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

Also on May 25, 2011, the Company issued 8,166,666 shares of common stock to a note holder upon conversion of $9,800 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On May 31, 2011, the Company issued 4,200,000 shares of common stock to a note holder upon conversion of $9,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 3, 2011, the Company issued 8,888,889 shares of common stock to a note holder upon conversion of $8,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 6, 2011, the Company issued 4,800,000 shares of common stock to a note holder upon conversion of $4,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

Also on June 6, 2011, the Company issued 5,894,737 shares of common stock to a note holder upon conversion of $5,600 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 7, 2011, the Company issued 8,571,429 shares of common stock to a note holder upon conversion of $6,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 8, 2011, the Company issued 4,166,667 shares of common stock to a note holder upon conversion of $5,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 9, 2011, the Company issued 10,714,285 shares of common stock to a note holder upon conversion of $7,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 14, 2011, the Company issued 10,000,000 shares of common stock to a note holder upon conversion of $7,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 14, 2011, the Company issued 6,875,000 shares of common stock to a note holder upon conversion of $5,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 17, 2011, the Company issued 8,571,429 shares of common stock to a note holder upon conversion of $6,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 20, 2011, the Company issued 4,375,000 shares of common stock to a note holder upon conversion of $3,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 21, 2011, the Company issued 7,000,000 shares of common stock to a note holder upon conversion of $7,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

Also on June 21, 2011, the Company issued 11,000,000 shares of common stock to a note holder upon conversion of $7,700 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

Also on June 21, 2011, the Company issued 11,904,757 shares of common stock to a note holder upon conversion of $8,333 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

Also on June 21, 2011, the Company issued 10,000,000 shares of common stock to a note holder upon conversion of $15,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 22, 2011, the Company issued 8,428,571 shares of common stock to a note holder upon conversion of $5,900 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 27, 2011, the Company issued 5,142,857 shares of common stock to a note holder upon conversion of $7,200 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 29, 2011, the Company issued 1,666,666 shares of common stock to a note holder upon conversion of $2,500 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On June 30, 2011, the Company issued 17,857,142 shares of common stock to two note holders upon conversion of $40,000 worth of two promissory notes. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.

On July 5, 2011, the Company issued 10,000,000 shares of common stock to a note holder upon conversion of $7,000 worth of a promissory note. These shares were issued pursuant to the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Section 4(2) promulgated thereunder due to the fact that the issuance did not involve a public offering.



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How broke is FLTT?

They hired Stockgoodies LLC for $50,000 cash and 6,250,000 shares of common stock to do a 6 month promotional campaign from 8/13/10 - 1/13/11.

The campaign was a success helping to push the stock up over $.01/share by late September 2010, but despite the early success dilution ultimately pushed the stock down to almost worthless by the end of the campaign which led to a 1:20 reverse split before Stockgoodies LLC's shares became unrestricted.

FLTT stiffed Stockgoodies LLC the $50,000 cash - never paying them the balance. Instead Stockgoodies LLC only got 5 post dated bad checks and because of the 1:20 reverse split Stockgoodies LLC ended up with only 312,500 shares for the efforts.


I posted about this issued back on July 24, 2011:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65507842

FLTT was still trading at $.0022/share then. It has since dropped to $.001/share in the 1 1/2 short weeks since.


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FLTT looks like a stock quickly headed to another Reverse Split that will no doubt be significantly bigger than the last as FLTT's debts have now spiraled out of control and the dilution the debts are causing are being further magnified by the current toxic financing agreement with Kodiak Capital.




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