Maybe you could point out to me where all the notes have been paid off.
I do see where they state "Issuance of stock to retire notes payable and accrued interest" for the amount of $16,750.
I also see where the liabilities have now increased to $485,428 that include Notes payable, Derivative liability, and Other liabilities.
I see "Proceeds from notes, net and Proceeds of capital stock issuance" for a total of "Net Cash Provided by Financing Activities" of $108,537 and a consolidated loss of ($88,690) from "Operating Activities" that include interest expense.
I also see this:
"At December 31, 2011, the Company had a retained deficit of $2,690,934 and current liabilities in excess of current assets by $442,751."
I also see many notes turn into convertibles all the time. They don't have to necessarily be listed as such to do that. That's part of the game. They have already got a slew of share issues for debt that has already been done.
There is a lot in there, but for our purposes, maybe you could show me where the individual notes that was in the post you were responding to have been listed and stated they've all been "paid off". Which is what has to happen to take care of previous stated debt.
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