WHAT?? Converted to $0.1265 Before the R/S?? All this transpired in late May and late June when shares were times 500, at least four weeks before the R/S was even filed. Is Mandy a magician? LOL. The $104,000 was for 821,812 x 500, the converted pre-split discounted amount for 410,906,000 shares at .000253 pre-split, or your so called premium of $0.1265 post-split. The 410,906,000 shares were then bought back, but we really don't know at what price. We could assume at a pretty low price in a period toward the end of June to sometime in July as indicated in the Subsequent Events in the excerpt below.
Arizuela
Subsequent to June 30, 2012 the Company cancelled 821,812 shares of treasury stock which were bought back from the two officers of the Company.
It was converted $0.1265 BEFORE the Reverse Split when the PPS was $0.0004
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