Intersting.!! I went back thru my Time and Sales history.. and filtered out only block trades of over 1 mill.. check it out.. The last three match up excatly with the last 3 conversions that were in the 8K.. Asher is Done now for the time being.. Just took him this long to actually sell the shares that were converted.
09/13/12 08:44:52 0.0147 0.0147 0.0147 1041600
09/13/12 11:33:52 0.0132 0.0132 0.0132 1179750
09/13/12 11:34:52 0.013 0.013 0.013 1578600
09/14/12 09:28:52 0.0116 0.0116 0.0116 1109100
09/18/12 09:26:40 0.0104 0.0104 0.0105 1193929
09/18/12 09:31:50 0.0108 0.0107 0.011 4347800
09/19/12 10:36:08 0.0075 0.0066 0.0069 6521700
09/20/12 09:59:12 0.0065 0.0066 0.0068 3826000
Item 3.02
Unregistered Sales of Equity Securities
See Item 3.02 below.
Item 8.01
Other Events
(a)
Asher Enterprises has completed the conversion of its noted dated February 28, 2012. As a result, the next note available for conversion is not until approximately 10/29/2012. Asher will be able to convert the noted dated April 26, 2012 note on approximately 10/29/2012. Asher has completed to date the conversion of 3 notes: the notes dated November 29, 2011, the noted dated January 10, 2012, and the note dated February 28, 2012.
(b)
On September 13, 2012, the Company issued 3,826,087 shares of Class A Common stock at an applicable conversion price of $0.0023. Asher Enterprises converted $7,500 of its note convertible in the amount of $32,500. The agreement with Asher allows them to convert their debt after six (6) months at a conversion price equal to the lowest closing bid price ten (10) trading days prior to the conversion date. Asher has completed the conversion of the note dated February 28, 2012. This draw is against the note dated January 10, 2012 in the amount of $32,500. This draw completed the conversions allowed under the note dated February 28, 2012.
(c)
On September 12, 2012, the Company issued 6,521,739 shares of Class A Common stock at an applicable conversion price of $0.0023. Asher Enterprises converted $15,000 of its note convertible in the amount of $32,500. The agreement with Asher allows them to convert their debt after six (6) months at a conversion price equal to the lowest closing bid price ten (10) trading days prior to the conversion date. Asher has completed the conversion of the note dated February 28, 2012. This draw is against the note dated January 10, 2012 in the amount of $32,500.
(d)
On September 11, 2012, the Company issued 4,347,8264,347,826 shares of Class A Common stock at an applicable conversion price of $0.0023. Asher Enterprises converted $10,000 of its note convertible in the amount of $32,500. The agreement with Asher allows them to convert their debt after six (6) months at a conversion price equal to the lowest closing bid price ten (10) trading days prior to the conversion date. Asher has completed the conversion of the note dated February 28, 2012. This draw is against the note dated January 10, 2012 in the amount of $32,500.
