DD Support Board and Research Team

[MaxShockeR]

LFBG..More Shares & profits for insiders/officers by Diluting shareholders can we have discounted shares to ?


oh yes they did cancel/terminate 550mil shares but OMG... they issued and added more shares to themselves via warrants and S-8 plan...LOL pretty sad, so wheres that company "Modessa Enterprises LLC" again to help LFBG out ? oh ya it does'nt exist *sigh*


> Heres the DD before the 10Q release

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66399779



> "10Q" August 22 2011 Quarterly report (period ending June 30 2011)
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8112899

As of August 22, 2011, the Registrant had 8,379,641,409 shares of common stock, par value $0.001 per share, issued and outstanding.
-an officer of the company was issued 400,000,000 shares towards $25,000 in debt - average price per share of $.0000625
-Another 1,159,115,152 shares of common stock were issued under warrant exercises at an average strike price of $0.0000509,
That's 1,559,115,152 shares issued at an average share price of $.00005388/share

NOTE 8 – SUBSEQUENT EVENTS
-In July 2011, we issued 35,000,000 share of common stock valued at $14,000 at the closing price to an investor as antidilution protection.
-In July 2011, we issued 42,500,000 shares of common stock to accredited investors in exchange for aggregate cash investments of $20,000. Those investors also exchanged 200,000 shares of common stock in exchange for warrants to purchase 147,142,857 share of common stock at a purchase price of $0.00000125 per share.
-In July 2011, we issued 2,777,778 shares of common stock to an independent third party for services provided, valued at $2,500.
-On August 5, 2011, we issued to certain of our legal advisors warrants to purchase 500,000,000 shares of common stock at a purchase price of $0.0002 per share.
-On August 12, 2011, one of these legal advisors converted 75,000,000 warrants, via a cashless exercise, into 53,571,428 shares.
-On August 9, 2011, we filed an S-8 registration statement to issue 1,000,000,000 shares as part of the Company’s 2011 Stock Incentive Plan and subsequently issued those shares.
-On August 22, 2011, we terminated 550,000,000 shares previously issued in the quarter ending June 30, 2011.

heres the S-8 Filings stock compensation plan released August 9th


> "S-8" August 9 2011 "stock compensation plan" they registered another 1 bil shares to pay the officers of the company
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8087446

On August 9, 2011, we filed an S-8 registration statement to issue 1,000,000,000 shares as part of the Company’s 2011 Stock Incentive Plan and subsequently issued those shares.

Share Structure a/o Aug 22 2011

-O/S 8,379,641,409 bil (was 7.7 bil July 31 2011 & 5 bil feb 2011)
-FLOAT ? ?
-A/S 10 bil or unlimited


(thanks NoDummy for your PM/reply)