Convertible notes and warrants @ 3/31/12 = 4.9 billion shares at .0005 from Note 3: Capital Sturcture - Potential Dilution http://www.otcmarkets.com/financialReportViewer?symbol=TIVU&id=86813 2.5 x 4.9 billion at .0002 5 x 4.9 billion at .0001 Default on 25 of 25 notes = 1.00% batting average