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Tuesday, January 10, 2012 5:21:57 PM
were printed and sold in the last year... do you
suppose the current promotion will result
in millions of more shares flooding the market?
During the year ended July 31, 2011 the company issued 43,980,000 shares of common stock for current and professional services and recorded current and prepaid expenses of $216,000.
During the year ended July 31, 2011, the company issued 100,000,000 shares of common stock as part of a strategic alliance agreement and is to receive assets valued at $1,000,000.
During the year ended July 31, 2011, the company issued 14,000,000 shares of common stock and 1,000,000 shares of preferred stock as part of a strategic alliance agreement. The agreement was never consummated, the stock has been returned and the shares have been cancelled.
During the year ended July 31, 2011, the company issued 25,000,000 shares of common stock for the acquisition of 25% of the common stock of a corporation. The company’s investment in the corporation is valued at $125,000.
During the year ended July 31, 2011, the company issued 150,000,000 shares of common stock for the acquisition of source code valued at $1,500,000.
The company issued convertible notes in October and November 2008 for $70,000 for an investment of funds and for services. Interest of $25,300 accrued for a total of $95,300. The company issued 47,650,000 shares of common stock for the conversion of the notes.
During year ended July 31, 2011 the company issued 44,500,000 shares of common stock for $80,000.
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