Incorrect.....read the 14c.....
I'm trying to be truthful here...there still is CD outstanding....I've been here several times before and watching...looking to buy as well!
As of February 1, 2016, with 250,000,000 shares of Common Stock authorized, we had 209,843,447 shares of Common Stock issued and outstanding, and therefore, as of February 1, 2016, we have approximately 40,000,000 shares available for other corporate purposes. The price of our Common Stock in the over-the-counter market on February 2, 2016, closed at $0.0005. With a stock price in this range we will require additional authorized but unissued shares of Common Stock to provide conversion shares for our aggregate of approximately $975,000 principal amount of currently outstanding convertible debt, and to accomplish the purposes set forth in the preceding paragraph. There are currently no set plans or arrangements relating to the possible issuance of any additional shares of Common Stock proposed to be authorized except for the issuance of shares under the terms of convertible debt now outstanding. We are not party to any agreements or understandings regarding any acquisitions, nor are any acquisitions under negotiation.
he board of directors recommends the proposed increase in the authorized number of shares of Common Stock to insure that a sufficient number of authorized and unissued shares is available (i) to provide for conversion shares for our convertible debt outstanding at the date of this Information Statement and to raise additional capital for the operations of the Company; (ii) to make options and shares available to employees, future non-employee directors and consultants of the Company as an incentive for services provided to the Company; and (iii) to have shares of Common Stock available for possible acquisitions. Such shares would be available for issuance by the Board of Directors of the Company without further action by the stockholders, unless required by the Company's Certificate of Incorporation or by the laws of the State of Delaware. Neither the presently authorized shares of Common Stock nor the additional shares of Common Stock that may be authorized pursuant to the proposed amendment carry preemptive right
Market Data 
Markets 
AI
