Thursday, November 21, 2013 6:15:07 PM
'
Our number of common shares outstanding increased from 362,808,206 shares at the year ended December 31, 2012 to 1,395,677,960 at the nine months ended September 30, 2013, an increase of 285%. The increase in the number of common shares outstanding was due to common shares issued related to conversion and settlement of debt and consulting obligations, which, consequently, reduced our total outstanding debt. '
those debt conversion process shares went from $0.00024 to $0.00046 pps max to the debtor. Thus, we see the converted share profits: buy at .0003, sell at .0004 if the dilution stops, maybe the pps can go higher? Question is, can Mark assure he will not convert for less than .00024?
you can see the full list of the conversions and prices on the document. i only noted that the majority seemed to convert at around .00027. The report also states what the YTD loss was 'Our net loss for the nine months ended September 30, 2013 was $1,897,215 compared to a net loss of $895,017 for the nine months ended September 30, 2012, an increase of $1,002,198, or 112%. '
One thing I didn't see - legal costs. Maybe I missed them.
I got into this because i've seen OOB way before.It's old, but truly the best security.: you make a buy online- the phone rings and displays a code- you enter the code at the site and the transaction is verified. Even GOOGLE used that to verify my password change was genuine. IMO i'll wait a little longer.
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