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Rhino Marketing they receive 250,000 shares per month restricted and $8000.00 per month fee.
The Company issued 17,275,000 shares of common stock to various individuals who performed services for the Company during the year.
Warrants of 18,500,000, issued to a note holder as a part of a convertible debt agreement, were exercised during 2015 on a cashless basis.
Various individuals purchased 11,223,330 shares of common stock during the year for gross proceeds of $244,316 (i.e. 0.02 cents a share)
During the year ended June 30, 2015, noteholders converted $115,741 of principal into 115,740,710 shares of common stock (i.e. 0.001 cents per share)
the Company exchanged $1,107,607 of the principal balance of a convertible note payable and accrued interest for same number of newly created preferred C shares. Each Series C preferred share can be converted to 50 shares of common stock (i.e. 0.02 cents a share).
$110,000. These were one-year terms notes at 12% interest and convertible to Common stock at a conversion price of $.05 per share.
$40,000 Convertible Note Payable with an individual. The notes matured one-year from the date of issuance, bears interest at 12% per annum and is convertible into shares of Common stock at $.001.
$1,500,000; the note bears interest at 12% per annum, and the holder may demand repayment of any portion of the note after one year from the effective date of the note. The note is convertible in whole or in part at a conversion price per share equal to the lesser of $.001 per share, or at an 80% discount to the average of the five lowest bid prices during the thirty trading days prior to the date of the conversion notice.
$165,000 (with a $5,000 original issue discount). The note matured on May 2, 2015 which was extended to August 2, 2015, bears interest at 12% per annum and is convertible in whole or in part at a conversion price per share equal to the lesser of $.001 per share, or at an 80% discount to the average of the five lowest bid prices during the thirty trading days prior to the date of the conversion notice.
$50,000 notes mature one-year from the date of issuance, bear interest at a rate of 7% per annum and contained a conversion feature at 50% of the average bid price for Common stock over a trailing 10-day period.
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