Time to average down!
Convertible Note Conversions:
The holders of a total of ninety nine (99) convertible promissory notes (the “Notes”), representing outstanding principal and accrued interest totaling $11,708,3465.53, exchanged all of said indebtedness for the issuance of a total of 2,818,277,866 shares of the Company’s common stock (the “Conversion Shares”). 655,868,195 of the Conversion Shares were issued pursuant to a forced conversion provision in some of the Notes, exercised by the Company. 2,043,125,140 of the Conversion Shares were issued pursuant to settlement agreements with holders in order to settle disagreements over their Notes. 119,284,531 of the Conversion Shares were issued pursuant to voluntary conversions by the holders of the remaining Notes. All of the Conversion Shares are eligible, for purposes of Rule 144 under the Securities Act of 1933, as amended from time-to-time (the “Securities Act”), to tack the holding period back to the acquisition date of the exchanged convertible promissory note.
Warrant Exercises:
Four holders of common stock purchase warrants previously issued by the Company exercised their rights under their respective warrants to purchase an aggregate of 27,631,065 shares of the Company’s common stock (the “Exercise Shares”). The Company received aggregate gross proceeds of $105,000 in exchange for the Warrant Shares. Upon exercise of the warrants and issuance of the Exercise Shares, each of the holders of the warrants had no further rights under their respective warrants.
News 
Market Data 
Discover 
