Quote: -------------------------------------------------------------------------------- During our pursuit of funding, we continuously encountered many groups with questionable motives, offering what could be considered “toxic financing.” Everything from Reg. A, 504’s, Reg. S, equity lines, 50% discount stock purchases and debt structured financing were being offered; all were vehicles that would have weighed heavily on the company. It was at that time that our former Lead Consultant, AJENE WATSON, LLC, determined that the lending division of their private lending and financialbusiness development firm would step in and provide financing.
Has the company ever offered shares in a Reg. S offering, Reg A, 504, etc.? Simply put, No. The company has never offered any shares in a Reg. S, Reg. A and/or 504 transactions at any time. --------------------------------------------------------------------------------
On April 20, 2011 the company issued 200,000,000 common shares to BlakesReport.com in extinguishment of $10,204 of the $81,496.00 in debt owed and due under the Debt Settlement Agreement signed on January 21, 2011. (That’s the equivalent of a .000051 PPS)
On May 26, 2011 the company was presented with a demand by DebentureVision LLC to convert shares in the company to partially remedy admitted default in monies due, owing and as of yet unpaid. The company agreed to convert $8,266.66 of outstanding debt owed to Redwood Management LLC per the Settlement Agreement dated 5/25/11 by converting165,333,200 common shares of the company.
(That’s the equivalent of a .00005 PPS)
If you bought at .0001, thinking it can’t go any lower and you double up at .0002, there were already millions of shares out there at .00005. Your .0001 buys were doubling them up.
What about the Reg D “toxic financing” that would “weight heavily on the company”?:
On June 21, 2011, the company elected to offer for sale to OT Hill and Associates 200,000,000 shares of its common stock as part of a private offering being made without registration of the shares under the Securities Act of 1933, as amended, and was made only to “accredited investors” pursuant to Regulation D, Rule 504 and Sections 7309(b)(8) of the Delaware Securities Act, and Section 510(a)(1) of Part E under the rules and regulations pursuant to the Delaware Securities Act.
