Food for thought! Form your own opinion and do your math!
At October 17, 2012, the Company had 1,135,865,494 common shares outstanding.
TOTAL OUTSTANDING AS OF 02/02/13 ACCORDING TO IHUB 1.89BILLION !!!
Common Stock History
On June 14, 2007 the Company consolidated its authorized and outstanding common shares at a 1 for 1,000 ratio.
After the stock consolidation the Company had authorized 870,000 common shares at a par value of $.001 and
677,416 common shares outstanding that was also the same at June 30, 2007.
On May 22, 2008, the Company increased is authorized common shares to 125,000,000 at a par value of $.001.
On June 9, 2010, the Company increased is authorized common shares to 750,000,000 at a par value of $.001.
At June 30, 2010 the Company had authorized 750,000,000 common shares at par value $.001 and had 351,523,292
common shares issued and outstanding. Each common share has one vote for each share held.
During the quarter ended September 30, 2010, the Company issued 12,105,263 common shares for debt, thereby reducing its debt by $46,000. Also during the quarter, 3,000,000 shares were issued to two individuals valued at $15,000 for consulting services.
During the quarter ended December 31, 2010, the Company issued 78,213,510 common shares for debt, thereby reducing its debt by $486,361.
During the quarter ended March 31, 2011, the Company issued 12,000,000 under a debenture reducing the principal by $38,116 and paying accrued interest expense of $7,484. Also, the Company issued 16,000,000 common shares to acquire Altitude Organic Licensing Corporation and its subsidiaries valued at $80,000.
On July 21, 2011, the company issued 5,000,000 common shares under a debenture that converted $9,436 of principal and $2,314 of accrued interest. On August 29, 2011, the Holder of a debenture converted $27,883 of principal and $5,867 of accrued interest for 9,000,000 common shares of the company.
On October 7, 2011, the Holder of two debentures was issued 20,844,616 common shares valued at $68,445 resulting in one of the debentures being paid in full and the other debenture being reduced by $32,362 of principal and $2,606 of accrued interest.
During the quarter ended December 31, 2011 the Holder of a debenture was issued 53,215,384 shares of common
stock resulting from three separate conversions valued at $60,666 of principal and $59,534 of accrued interest.
On January 20, 2012, the Company issued 36,627,648 to the Company’s president for services rendered from February 1, 2011 thru January 20, 2012 valued at $85,277 and then resigned as the president. In addition 500,000 shares were issued to a consultant valued at $1,400. On February 1, 2012, the Holder of a debenture was issued 25,000,000 common shares valued at $25,000 resulting
in the debenture being reduced by $20,071 of principal and $4,929 of accrued interest. In addition 1,000,000 shares were issued to an individual valued at $15,000 for accrued legal fees. During the quarter ended June 30, 2012, a total of 206,414,686 common shares were issued in settlement of $265,191 of principal and $1,008 of accrued interest on three outstanding debentures of the Company.
At June 30, 2012, the Company had 1,350,000,000 authorized common shares and 909,829,249 common shares issued and outstanding.
NOTE 7. SUBSEQUENT EVENTS
Subsequent to June 30, 2012 the Company issued 216,880,167 to four debenture holders in payment of $95,481 of
principal and $20,072 of accrued interest. The Company also issued 9,156,078 common shares for past consulting
and legal services valued at $96,000.
At October 17, 2012, the Company had 1,135,865,494 common shares outstanding.
TOTAL OUTSTANDING AS OF 02/02/13 ACCORDING TO IHUB 1.89BILLION !!!
AI
