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Re: Quinton post# 51730

Saturday, 12/21/2013 7:10:07 PM

Saturday, December 21, 2013 7:10:07 PM

Post# of 74539
Quinton.....please read the subsequent events section in the 10 K....on the Beaufort note...

Subsequent to August 31, 2013, the Company issued 8
52,815,000 shares of common stock, and cancelled 56
,033,333
shares of common stock bringing the total outstandi
ng common stock to. 1,832,784,754. The 852,815,000
shares issued
consisted of 504,600,000 shares issued to the Beauf
ort Escrow note account, 10,715,000 shares issued t
o Marie Fay for
loan repayment and 337,500,000 shares issued to a c
onsultants of the Company while 56,033,333 shares w
ere returned
to the Company from Asher due to the payment of all
amounts due them.



Now read the terms of the convertible debt.....its' done at a 55% discount....so while these shares were put in escrow and since the stock touched .0006, I believe any new shares not sold will be discounted an additional 55% meaning we could see more stock than expected hit the market and thereby also increasing the O/S's.

Not trying to be the bearer of bad news but others should check my math and calculations. It's there in the 10 K.

If I'm right, this one is going down more.

CC

Best wishes as always,

GMAN

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