It will take awhile for the newly issued 70 million shares to flood the market. We need to know what was the conversion rate for these new 70 millions shares.
According to the latest 10-Q, the company issued 109 millions shares for $55,356. That's the conversion rate of .0005 per share. If you look at the daily volume and price history for the last couple of months, if can see that the share price went from over a penny to as low as .0004.
NOTE 10 – SUBSEQUENT EVENTS
Subsequent to March 31, 2016, the Company issued 108,989,795 shares of common stock for conversion of convertible notes with principal and accrued interest of $55,356.
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