Drumming through the new filing as well. Nothing new Pickett using conv notes kick can down the road till new financing comes to play.
" Common stock offered by Selling Stockholder 125,000,000 shares of common stock.
Common stock outstanding before the offering 524,147,555 shares of common stock as of August 25 , 2014.
Common stock outstanding after the offering 649,147,555 shares of common stock."
although these shares prices are executed on base price .04/.05
Working Capital
· Cash had a net in crease from working capital by $ 273,503 for the six months ended June 30 , 2014. The most significant uses and proceeds of cash were:
o Approximately $ 599 ,000 of cash consumed in operating activities;
o Proceeds of $ 923 ,000 from issuance of convertible notes payable , net of repayments of $155,918
o Proceeds of $80,000 from issuance of note payable
o Proceeds of $25,000 from the sale of our common stock
Picketts salary is 200k not that bad but I'd prefer more going into co...
Small snippet the dilution/conv notes are reported by the company as a calculated business decision best interest long term co.
My conclusion just a bump in the road and a small bump at that respectively. My position remains the same still waiting on that financing from Nat Standard or a license deal from somewhere make this net cash positive to date CO lost 4.2 million.
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