You do the math here....
On July 10, 2012, the Company issued 33,644,523 shares of its common stock in conversion of loans payable in the amount of $40,400.
On July 13, 2012, the Company issued 5,272,727 shares of its common stock in conversion of loans payable in the amount of $5,800.
On July 17, 2012, the Company issued a $42,500 unsecured convertible promissory note to Asher Enterprises, Inc. The note bears interest at 8% per annum, is due April 19, 2013, and is convertible at a 42% discount to the average of the three low trading prices during the ten day period prior to the conversion date.
On July 19, 2012, the Company issued 40,000,000 shares of the Company’s common stock to Ironridge in reliance on the private placement exemption from the registration requirements of the Securities Act of 1933, as amended, provided by Section 3(a)(10) thereof. The shares issued to Ironridge were issued pursuant to the Stipulation filed by the Company and Ironridge in the Superior Court for the State of California, County of Los Angeles (Case No. BC481395) on April 20, 2012 in settlement of claims purchased by Ironridge from certain creditors of the Company.
On July 20, 2012, the Company issued 62,598,277 shares of its common stock in conversion of loans payable in the amount of $50,000.
On July 26, 2012, the Company issued a $15,000 unsecured convertible promissory note to Hanover Holdings I, LLC. The note bears interest at 12% per annum, is due March 26, 2013, and is convertible at a 45% discount to the average of the three low trading prices during the ten day
period prior to the conversion date.
On July 27, 2012, the Company issued 50,000,000 shares of the Company’s common stock to Ironridge in reliance on the private placement exemption from the registration requirements of the Securities Act of 1933, as amended, provided by Section 3(a)(10) thereof. The shares issued to Ironridge were issued pursuant to the Stipulation filed by the Company and Ironridge in the Superior Court for the State of California, County of Los Angeles (Case No. BC481395) on April 20, 2012 in settlement of claims purchased by Ironridge from certain creditors of the Company.
On July 30, 2012, the Company issued 22,222,223 shares of its common stock in conversion of loans payable in the amount of $20,000.
On August 5, 2012, the Company’s wholly-owned subsidiary, Wetwinds Inc., entered into a license agreement with WEC ASSET LLC for the
rights to use a certain Social Media concept developed by WEB ASSET LLC. The license agreement calls for royalty payments of 49% of all revenues derived for the use of the licensed rights subsequent to the Company’s initial $2,000,000 of revenue, to be paid quarterly. WEB ASSET LLC is owned by BBGN&K, which Mr. Kayode Aladesuyi is the managing member.
On August 6, 2012, the Company issued 25,641,025 shares of its common stock in conversion of loans payable in the amount of $20,000.
On August 6, 2012, the Company issued 49,000,000 shares of the Company’s common stock to Ironridge in reliance on the private placement exemption from the registration requirements of the Securities Act of 1933, as amended, provided by Section 3(a)(10) thereof. The shares issued to Ironridge were issued pursuant to the Stipulation filed by the Company and Ironridge in the Superior Court for the State of California, County of Los Angeles (Case No. BC481395) on April 20, 2012 in settlement of claims purchased by Ironridge from certain creditors of the Company.
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