As of January 31, 2014, our obligations under outstanding notes totaled an aggregate principal amount of $1,205,699. Of such amount $543,999 is due on demand, each of the principal amounts of $52,000 was due on January 26, 2014, $25,000 is due April 1, 2014, $75,000 is due May 1, 2014, $52,000 is due February 27, 2014, $20,000 is due June 6, 2014, $25,000 is due June 27, 2014, $35,000 is due April 1, 2014, $52,000 is due July 16, 2014, $60,000 is due July 15, 2014, $60,000 is due May 20, 2014, $85,000 is due April 28, 2014, $25,000 is due May 13, 2014, $110,000 is due May 20, 2014, $27,000 is due September 19, 2014 and $20,000 is due July 23, 2014. We currently do not have sufficient funds to all of the past due or future notes.
Lot of notes, billions of shares to come. No assets. What did they do with it all? Who took the money?
Note the part in red. Not that anyone expects them to pay the debt in cash, but at least the registrant can draft coherent sentences.