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nazulya

04/29/14 8:56 PM

#18690 RE: AA_610 #18689

I honestly don't know what to think any more, it hasn't been trading sideways, it didn't go higher, it keeps at this level, but it absolutely meaningless to consider anything right now due to joke of a volume. Only when the volume goes to above 300 million, only then you can consider something is taking place. As said, the only problme I can attribute all this is that uncontrolled dilution that took place recently, yes I do understand that there are OTC BBs with higher OSs and those sort of things but nevertheless 2 billion in about 6 months for a company that want to convince shareholders that it is legit, that is just too many shares to vendors. That is, imo, the biggest track that is hunting this stock right now.
As a couple of potentially new shareholders stated, every time they see the schedule below in their S1 application, they turn around and go away. The schedule below is just too scary. I think that is the biggest problem here whether we want to admit it or not. It looks it was random transactions to anybody who offered him cash with no pattern or structure, uncontrollable, it's even scarier when he started paying for services with shares. IMHO

From January 1, 2014 through April 7, 2014, 318,060 shares of its Series B Preferred Convertible Stock were converted into 154,066,994 shares of the Company’s common stock.

From January 1, 2014 through April 7, 2014, the Company issued 22,715.580 shares to the Company’s directors for their fees.

From January 1, 2014 through April 7, 2014, the Company sold an aggregate of 235,351,807 shares of the Company’s restricted common stock to 34 “accredited investors” in private transactions for aggregate consideration of $288,810.

From January 1, 2014 through April 7, 2014, the Company issued 15,416,667 shares of its common stock to vendors for services rendered.

From January 1, 2014 through April 7, 2014, the Company issued 312,267,996 shares of its common stock to AGS Capital Group, LLC in connection with convertible promissory notes entered into by and between the Company and AGS Capital Group, LLC.

From January1, 2014 through April 7, 2014, the Company issued 111,318,172 shares of its common stock to WHC Capital, LLC in connection with convertible promissory notes entered into by and between the Company and WHC Capital, LLC.

From January 1, 2014 through April 7, 2014, the Company issued 44,473,361 shares of its common stock to Continental Equities, LLC in connection with convertible promissory notes entered into by and between the Company and Continental Equities, LLC.

From January 1, 2014 through April 7, 2014, the Company issued 95,518,769 shares of its common stock to Asher Enterprises, Inc. in connection with convertible promissory notes entered into by and between the Company and Asher Enterprises, Inc.

From January 1, 2014 through April 7, 2014, the Company issued 51,814,269 shares of its common stock to LG Capital Funding, LLC in connection with convertible promissory notes entered into by and between the Company and LG Capital Funding, LLC.

From January 1, 2014 through April 7, 2014, the Company issued 97,935,558 shares of its common stock to Union Capital, LLC in connection a convertible promissory note entered into by and between the Company and Union Capital, LLC.

From January 1, 2014 through April 7, 2014, the Company issued 201,316,787 shares of its common stock to Darling Capital, LLC in connection a convertible promissory note entered into by and between the Company and Darling Capital, LLC.

From January 1, 2014 through April 7, 2014, the Company issued 10,416,667 shares of its common stock to Blackbridge Capital in connection a convertible promissory note entered into by and between the Company and Blackbridge Capital.

From January 1, 2014 through April 7, 2014, the Company issued 34,950,000 shares of its common stock to Auctus in connection a convertible promissory note entered into by and between the Company and Auctus.IMHO