"A total of 1,010,195,024 shares of unrestricted common stock were issued during the period October 1, 2010 through December 13, 2010 in exchange for the satisfaction of $144,900 in Convertible Securities conversions." [$.000143 cost-basis]
Unrestricted meaning they could be sold any time the owner wants including into this pump
Looks like they are able to issue billions of shares in unrestricted stock against those convertible debts
1 Billion shares only covered $144,900 in debt. The interest rate on some of their Notes are higher than that per year.
They took out over $1,000,000 in new debt Notes just in the first 3 quarters of 2010 alone to go with their already outstanding debt Notes that were well into the millions of dollars
In the Q3 financials they show over $28 million in deficits
Take the time to understand what you are saying and consider all the risks involved in this one
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