Solanbridge Group Inc. (SLNX)

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$SLNX - Updated Share Structure as of 4/17/2013:

SLNX reported SS to otcmarkets 4/17/13:
Shares Authorized: 5,000,000,000
Shares Outstanding: 2,383,076,746
Float: 367,234,746 ----> Increased 350,000,000
Preferred Stock Authorized: 20,000,000
Preferred shares outstanding: 38,000 = 1,900,000 CS
*Each PS converts into 50 commons

SLNX reported SS to otcmarkets 2/20/13:
Shares Authorized: 5,000,000,000
Shares Outstanding: 2,383,076,746 ---->Increased 2,367,500,000
Float: 17,234,746

SLNX reported SS to otcmarkets 10/23/12 - PE 9/30/12
Shares Authorized: 120,000,000 Par Value .001
Shares Outstanding: 15,576,746
Float: 5,733,750

NOTE 3 - RELATED PARTY TRANSACTIONS:
During the year ended December 31, 2012 the Company carried out a number of transactions with related parties in the normal course of business. These transactions were recorded at their exchange
amount, which is the amount of consideration established and agreed to by the related parties. Except as disclosed elsewhere in these notes, following are related party transactions and amounts owing: As of December 31, 2012, $125,000 was owing to the officers and directors of the Company. During the nine (9) ended September 30, 2012 the Company borrowed $50,000 and repaid $-0- related to these payables. In the year ending 2011 they borrowed $75,000 and repaid $-0-. The amounts owed bear an interest rate of five percent (5%), convertible to common stock shares of the Company at par and due upon demand.

NOTE 4 - NOTES PAYABLE:
As of September 30, 2012 the Company owes third parties $186,288 in promissory notes. These notes are unsecured, accrued no interest and are due on demand. Additionally, the Company owed $120,400 and 110,400 in convertible promissory notes payable to unrelated parties as of September 30, 2012, respectively. These notes bear interest at a rate equal to the 3 yr. T-note plus 275 basis points and are computed annually. During the fourth quarter ending December 31, 2012, the Company had an additional 20,192 in short term notes payable

NOTE 5 - CAPITAL STOCK:
The Company has two classes of stock: (1) Preferred stock, 20,000,000 shares authorized 38,000 shares issued and outstanding. Each preferred share is convertible into 50 shares of the Company’s common stock. And (2) the Company also has voting common stock of 100,000,000 shares authorized, with 33,576,746 shares issued and outstanding. No dividends have been paid as of December 31, 2012.

Form D 504 offering filed on November 9 2012:
http://www.sec.gov/Archives/edgar/data/1165006/000114420412061197/xslFormDX01/primary_doc.xml

SLNX annual report filed May 2 2013:
http://www.otcmarkets.com/financialReportViewer?symbol=SLNX&id=103631

Form 15 filed on September 25 2012 - Suspension to be SEC fully reporting:
http://www.sec.gov/Archives/edgar/data/1165006/000116500612000003/form15.htm