HILARIOUS THESE CLOWNS ARE RAISING THE A/S AGAIN. THE SHARE PRICE HAS ERODED BECAUSE OF THE INCOMPETENT PEOPLE RUNNING THE COMPANY.
FROM THE PR:
The required calculation of reserve for outstanding debt described in the Oct 30th PR utilized a pps of $.0048. When the reserve was tracked again in early January and again in early February suggested the AS was not sufficient for the full fiscal year. Based on a current pps which has eroded, it is necessary to increase the Authorized Shares to 500 million. Even though significant debt, derivative liability and interest has been eliminated, the trading patterns have eroded the pps, and the audit process requires the reserve calculation. However, the increase results in an AS which is only 5% of the pre-reverse AS for the fiscal year 2016. The re-calculation must be done in advance of the 10-K filing. There is full transparency in place, and the transfer agent provides the outstanding shares whenever queried.
THIS IS TURNING INTO ONE OF THE BIGGEST JOKES ON THE OTC. FROM 10 MILLION TO 500 MILLION A/S IN WHAT A LITTLE OVER 6 MONTHS ? WONDER HOW LONG BEFORE THEY MAX OUT THE A/S AGAIN. ITS EXCUSE AFTER EXCUSE BLAMING TRADERS AND OTHERS WHEN THEY TAKE NO BLAME FOR THE COMPLETE INCOMPETENCE HERE. 3 TICKS ABOVE .0001 AND 300 MILLION MORE SHARES GETTING READY TO BE DUMPED.