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Alias Born | 11/08/2011 |
Thursday, November 14, 2013 8:58:27 AM
Corporate office is at a strip center in Miramar Beach, Florida - also home to Robert Federowicz's other ventures (RBCC, FTTN - more on that here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85062945 )
As of the date of this filing, there were 16 holders of record of our common stock.
They incurred a net loss of $517,371 for the year ended July 31, 2013
They recognized general and administrative expenses in the amount of $483,864
As of July 31, 2013, they have one employee.
Their net working capital deficit as of July 31, 2013 was $326,032.
The Company anticipates it will require around $500,000 to sustain operations and implement its business plan over the next twelve months.
Revenue = $0
On March 31, 2013, the Company signed a convertible promissory note with Vista View Ventures Inc. which refinanced non-interest bearing advances in the amount of $167,075 into a convertible note payable. Vista is an inactive/delinquent Wyoming company (https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=196077197088065026222151174163099008236023204114) which has a mailing address of 1712 PIONEER AVE STE 201, CHEYENNE, WY 82001, an adress with a shady reputation for hiding the corporate shell game: http://www.reuters.com/article/2011/06/28/oukwd-uk-usa-shell-companies-idAFTRE75R22L20110628
The above convertible note is set at an astounding price of $0.02/share (= 8.4 million shares!) - well below current market value. The obvious questions is "WHY??".
Not to make matters worse, but on October 31, 2013, the Company signed another convertible promissory note which refinanced non-interest bearing advances from Vista View Ventures Inc. in the amount of $516,920 into a convertible note payable at $0.02/share (=25.8 million shares!! - ugh....!)
The beneficial owner (72%) of ASCC is Melanie S. Maute - believed to be related (sister?) to Robert Federowicz.
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