No chance for that without a R/S of the shares issued, and those debts that will be converted to common shares in the near future. This is nothing but a play from trip zero's to wherever the diluter John Folger and friends allows this to go with the 180 mil restricted currently on deck.
The debts for the convertable notes are all over a year old, so have no restrictions that can't be easily removed with an opinion letter.
Right now there are many bag-holders in the .002's and up to just under a penny who will be looking to get out, just depends on the volume he can generate as to the PPS.
4) Issuance History: Changes in total shares outstanding by the Issuer in the past two fiscal years. Issuer ended 2010 with 25,647,235 common shares outstanding Issuer ended 2011 with 72,025,034 common shares outstanding Issuer ended 2012 with 336,532,537 common shares outstanding This is an increase of 310,885,302 million shares over the past two years
Below is about where I bought the first shares in ACYD, and it took a long time to get out without huge losses. Go all the way to the bottom, and note what he sold via Rule 504 exempt offering under the Securities Act of 1933 in fourth quarter of 2012. He told me in a previous conference call this 504 offering would not be used without shareholder notification again after the first $50,000 he f'd everyone on in APR 2012, He lied. Be very careful with this stock, most people know, and some who know will not tell you the truth, lol.
gltu.
During the second quarter of 2012, the original $300,000 note that was convertible to the Company’s common stock was partially converted. $7,567 of the note and unpaid interest were converted in exchange for 13,142,423 unrestricted shares of the Company’s common stock. This loan originated on March 28, 2008.
During the second quarter of 2012, the original $25,000 note that was convertible to the Company’s common stock was converted in total. The $21,688 remaining note and unpaid interest were converted in exchange for 12,859,694 unrestricted shares of the Company’s common stock. This loan originated on March 30, 2011.
During the second quarter of 2012, the original $25,000 zero interest note that was convertible to the Company’s common stock was partially converted. $9,500 of the note was converted in exchange for 13,571,429 restricted shares of the Company’s common stock, issued with a restrictive legend as non-trading. This loan originated on January 12, 2012.
During the second quarter of 2012, the Issuer sold 24,400,000 shares of Common Stock for $50,000 at an offering and sales price of $0.00205 per shares for a total sale of 24,400,000 shares of Common Stock and proceeds of $50,000. The Issuer relied upon Rule 504 exempt offering under the Securities Act of 1933 and filed Form D via EDGAR to the Securities and Exchange Commission.
During the second quarter of 2012, 1,010,101 restricted shares of the Issuer's common stock were issued for corporate services rendered. The certificates contain a restrictive legend stating the shares have not been registered under the Securities Act and setting forth the restrictions on transferability. The 1,010,101 shares were issued to Brant Doell, Director.
During the third quarter of 2012, the original $300,000 note that was convertible to the Company’s common stock was partially converted. $62,962 of the note and unpaid interest were converted in exchange for 39,719,017 unrestricted shares of the Company’s common stock. This loan originated on March 28, 2008. During the third quarter of 2012, the original $70,000 note that was convertible to the Company’s common stock was partially converted. $32,101 of the note and unpaid interest were converted in exchange for 29,862,058 unrestricted shares of the Company’s common stock. This loan originated on November 10, 2009.
During the third quarter of 2012, a $25,000 portion of the original $70,000 note that was convertible to the Company’s common stock was assigned on July 18, 2012 and was partially converted. $16,000 of the note and unpaid interest was converted in exchange for 17,956,656 unrestricted shares of the Company’s common stock. The original $70,000 loan was originated on November 10, 2009. During the third quarter of 2012, 934,579 restricted shares of the Issuer's common stock were issued for corporate services rendered. The certificates contain a restrictive legend stating the shares have not been registered under the Securities Act and setting forth the restrictions on transferability. The 934,579 shares were issued to Brant Doell, Director.
During the fourth quarter of 2012, the original $300,000 note that was convertible to the Company’s common stock was partially converted. $10,000 of the note and unpaid interest were converted in exchange for 10,000,000 unrestricted shares of the Company’s common stock. This loan originated on March 28, 2008. During the fourth quarter of 2012, a $25,000 portion of the original $70,000 note that was convertible to the Company’s common stock was assigned on July 18, 2012 and was partially converted. $5,000 of the note and unpaid interest was converted in exchange for 12,500,000 unrestricted shares of the Company’s common stock. The original $70,000 loan was originated on November 10, 2009.
During the fourth quarter of 2012, a $20,899 portion of the original $70,000 note that was convertible to the Company’s common stock was assigned on September 5, 2012 and was partially converted. $7,800 of the note and unpaid interest was converted in exchange for 19,500,000 unrestricted shares of the Company’s common stock. The original $70,000 loan was originated on November 10, 2009.
During the fourth quarter of 2012, the Issuer sold 27,200,000 shares of Common Stock for $15,000 at an offering and sales price of $0.00055 per shares for a total sale of 27,200,000 shares of Common Stock and proceeds of $15,000. The Issuer relied upon Rule 504 exempt offering under the Securities Act of 1933 for the previously filed Form D via EDGAR to the Securities and Exchange Commission.
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