So if it doesn't matter why bother filing at all.
again, as has been stated repeatedly, they filed so the toxic financiers could convert their notes to shares and sell out.
real basic stuff really, straight from the 10K...
"During January and February 2016, we entered into three convertible promissory notes for an aggregate principal amount of $117,602. The notes are convertible into shares of our common stock at 60% of the lowest trading price of our common stock during the 20 trading days prior to the conversion date. The notes earn an interest rate equal to 8% or 10% per annum and mature one year from date of issuance.
During February and March 2016, we entered into three convertible notes for an aggregate principal amount of $105,750 with a $10,500 original issue discount. The notes are convertible into shares of our common stock at 48% of the lowest trading price of our common stock during the 20 trading days prior to the conversion date. The notes earn an interest rate equal to 10% per annum and mature one year from date of issuance.
During January 2016, we entered into two convertible notes for an aggregate principal amount of $118,397 to repay two convertible notes and accrued interest discussed in Note 6(i) and Note 6(j). The notes are convertible at 60% of the lowest trading price of our common stock during the 20 trading days prior to the conversion date. The notes earn an interest rate equal to 8% or 10% per annum and mature one year from date of issuance."
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