Replies to post #871 on Exousia Advanced Materials, Inc (fka EXOU)

[RichieRich]

DEBT, DEBT and MORE DEBT - and I'm not helping them by buying and holding any bags.

Item 2 Unregistered Sales of Equity Securities and Use of Proceeds.

On April 14, 2010 the company issued 750,000 shares of its common stock to Joe Grace as partial consideration for a loan of $50,000.

On April 14, 2010 the company issued 450,000 warrants to purchase shares of its common stock at $0.05 per share to Joe Grace as partial consideration for extending the same loan of $50,000.

On May 7, 2010 the company issued 750,000 shares of its common stock to David Wallace as partial consideration for a loan of $50,000.

On May 7, 2010 the company issued 450,000 warrants to purchase shares of its common stock at $0.05 per share to David Wallace as partial consideration for the same loan of $50,000.

On April 30, 2010 the company issued 750,000 shares of its common stock to King White as partial consideration for a loan of $50,000.

On April 30, 2010 the company issued 450,000 warrants to purchase shares of its common stock at $0.05 per share to King White as partial consideration for extending the same loan of $50,000. Subsequent to June 30, 2010 the Board of Directors authorized the issuance of additional shares of Common Stock as follows:

Board Fees:
6,150,000 shares

Forbearance on debt:
4,125,000 shares

Settlement of Debt:
3,000,000 shares

Fees for Capital Raises:
600,000 shares

Services:
3,750,000 shares

Total Shares issued:
17,625,000 shares

THIS ONE IN PARTICULAR HAS MUCH MORE THEN ANYONE WOULD LIKE!