Wait WAHT!!?? OK So what you are saying is, a "Consultant"!! A Friggen CONSULTANT who is due $240,000 bucks, it's okey dokey for a CONSULTANT TO FLIP IT BACK IN SHARE FOR 18 MILLION DOLLARS!!??
That's what you say?? READ THE DAM FILES<< !!!
this single $240,000 is dumping and raking 18 MILLION DOLLARS out of this!! That IS NOT A SUPPLIER!!.. IT's a BUDdY, BUDdY SCAM!!
Quote: On June 30, 2013, the Company reduced its loans from shareholders by $240,000 by issuing a $240,000 convertible debenture to a financial consultant of the Company for his services from July 1, 2012 thru June 30, 2013. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 360 trading days before the conversion date. The terms of the conversion are the same as the consultant’s terms of conversion for the shares earned during each quarter in which the services were rendered. The Holder is restricted from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarters ended September 30, 2013 and December 31, 2013 the debenture accrued $6,000 of interest in each respective quarter. At December 31, 2013, the debenture had $240,000 of principal and $12,000 of accrued interest outstanding SCAM!!
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