read the PR - keeping in mind the last five lines of the 10K
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S ubsequent to year-end the Company issued 111,194,961 shares resulting in an outstanding share amount of 249,999,364 shares with 250,000,000 authorized. Of those shares issued subsequent to year end, 110,435,264 were issued to debt holders reducing the note balance by $1,564,320.
401(k) Plan Termination
The Company announced it was terminating the 401(k) Plan effective May 6, 2012, and has conformed with the notices required of such termination.
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AIMHO GLTA