Tuesday, October 23, 2012 11:35:02 AM
483,243,334
Issuance of shares in exchange for $6,000 of debt
180,000,000
Issuance of shares in exchange for $19,200 of debt 640,000,000
18% notes payable incurred from June 2006
Through June 2012 468,538 462,245
Baron Capital Enterprise, Inc owns $300,000
Fundtech Solutions, LLC owns 168,538
6% note incurred September 2009 80,800 100,000
Drexal Investments, LLC
Total Notes Payable 549,338 562,245
Accrued interest on:
6% Notes 16,200 10,500
18% Notes 170,565 98,618
Total accrued Interest 186,765 109,118
All Notes are due on demand and are convertible into common stock of the Company at a predetermined
value at the time of conversion.
OUCH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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