Again, a Premium at $0.1265? and hasn't been a premium at any date in the latter half of 2012 as the PPS has, for the most part, kept dropping. What is the PPS now? LOL. You forget the $104,000 was converted in May disappearing to a interest bearing treasury, possibly at $0.22 or .00044 pre-split and bought back at $0.1265 or .000253 pre-split, almost a .10 differential and recording the $183,634 loss or about $80,000 added loss from the differential. Very similar to an Asher discounted conversion. This would, long term though, possibly be a very a very good price to regain their loss. So if you think $0.1265 is a premium price, I would assume you also think the PPS is going up at some point? LOL.
Arizuela
During the six months ended June 30, 2012, the Company borrowed $7 1,308 from two of the officers of the Company. The note accrues interest at 6.5 percent per annum, is unsecured and due on demand. As of December 31, 2011, the Company owes $100,000 for short-term related party loans with maturity dates of less than 1 year bearing an interest rate of 6.5%; per annum. During May 2012, the Company converted a total of $104,000 loan payable from these two officers for the issuance of 821,812 shares of common and recorded the loss on conversion of debt in the amount of $183,634. In June 2012, the Company bought back 821,812 shares of common stock from these two officers as treasury stock with the short-term notes of $104,000 which accrue interest at 6.5 percent per annum with maturity dates of less than 1 year. The accrued interest on the related party payables was $3,096 and $178, for the six months ended June 30, 2012 and the year ended December 31, 2011, respectively.
In June 2012 when the PPS was $0.0004, YOU BET $0.12 was a PREMIUM!!!!
Market Data 
Markets 
AI
