"That S1 is very long."
What might seem long to others is a quick trip fer me as I've been going through financial statements for over 35 years!
that would be why I just cut to the chase. the points that make the difference is having the ability to go through the entire document, cut to the chase in lending sales agreements (dilution) against a TOXIC scam with 4 grand. .
There's no mistaking these facts: From the S-1 registration (S-1 is an immediate registration where there's no holding period) It's a 4 million dollar toxic dump spree!!
The purchase price per share to be paid by Macallan shall be calculated as a thirty five percent (35%) discount to the lesser of: (1) the lowest traded price of the Company Common Stock during the ten (10) consecutive trading days prior to the date the Drawdown Notice was submitted or
That's dump price @ 35% discount off of .0008 = 0.00052!!!
(the “Macallan Investment Agreement”). The Macallan Investment Agreement permits us to “put” up to $4,000,000 in shares of our common stock to Macallan over a period of up to thirty-six (36) months.
We are currently authorized to issue 37,503,000,000 shares of our common stock. We may be required to increase our authorized shares in order to receive the entire purchase price. Macallan has agreed to refrain from holding an amount of shares which would result in Macallan owning more than 4.99% of the then-outstanding shares of our common stock at any one time.
And this is when SEC allowed it:
NOTICE OF EFFECTIVENESS
Effective Date:
October 03, 2014
Form:
S-1
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