Lots of Dilution this year.
Per the notes to the financials.
jmo
"Common Stock Issued - 2010
On January 1, 2010, the Company issued 750,000 to its prior CFO for extinguishment of his employment contract and the company reduced the accrued compensation by $157,568.
On March 26, 2010, the Company issued 300,000 to a consultant and expensed $18,000.
On April 12, 2010 the Company issued 5,000,000 common shares for the acquisition of NDR Energy Group, LLC. (See Note 10 – Acquisition).
Under terms of their employment agreements, on September 13, 2010 the Company issued 1,411,150 to each officer and director of the Company with total shares issued of 4,233,450. The stock was trading at $.06 and the Company expensed $84,669 for each issuance of shares of stock with a total expense of $254,007. Also under the terms of his employment agreement an employee was issued 1,000,000 common shares at the trading price of $.06 and the Company expensed $60,000 as compensation.
On September 13, 2010 the Company converted its notes payable for a total of $47,936 and issued 2,000,000 common shares for that conversion. This conversion of debt reduced our notes payables of $42,500 and accrued interest of $5,436.
On September 27, 2010 the Company converted its accrued compensation for a total of $368,386 and issued 24,559,067 common shares for that conversion. This conversion of debt reduced our accrued compensation of $368,386.
At September 30, 2010, there were no outstanding stock options or warrants.
On June18, 2010 the Board of Directors approved increasing the authorized common shares to 1,000,000,000 and is in the process of filing the necessary paperwork with the State of Nevada."
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