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Monday, October 14, 2013 3:19:06 PM
MARCH 31, 2013 AND 2012
and later returned FOR THE 6 MONTHS ENDED
JUNE 30, 2013 AND 2012
as Unsecured Note - Kingsley Logistics Group 112,750
You also reported During the 1st quarter, 2013, the Company issued 114,763,280 common shares for debt retirement of $63,530 involving RJB Consulting, Inc., and T. Peter & Company, Inc.
But then went on to report Changes in Shareholders’ Equity
For the 3 Months Ended March 31, 2013
shares issued for debt reduction 213,999,996
(you didn't account for shares other than the 114,763,280 at the time) we assumed you used them for Kingsly debt as Kingsley debt was absent.
Then, FOR THE 6 MONTHS ENDED
JUNE 30, 2013 AND 2012
you then report Shares Issued for Debt Reduction 240,822,760
Then also report During the 1st and 2nd quarter the company the company retired $120,550 of above debt in exchange of 445,252,760 shares of Common stock.
213,999,996 + 240,822,760 = 454,822,756 NOT 445,252,760
a difference of 9,569,996 Misplaced? or for debt reduction not
itemized?
This isn't supposed to be a puzzle or guessing game.
It is supposed to a report of financial activities understandable to your shareholders.
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