Mr. Anderson....Here is where the 145,000,000 shares will come from. The is a chance that it could be more, depending on how low the price goes.
On August 4, 2011, the Company obtained $50,000 in financing from a creditor. The note accrues interest at a rate of 8% per annum, is due 9 months after issuance, and may be converted into common stock after 6 months at a 45% discount to the market. A derivative liability will be included in the Company’s financial statements for the year ended September 30, 2011