Posted On: 11/05/2012 10:42:11 AM
Post# of 45510
Wish someone would educate B402 on old news
But thats what bashers do I guess.
Like I said..Keep Reading..Lot a Cash
And remember Steve cashed in 6mil 144s at the PEAK in June around the .03 range about 200k worth,,, (Crash Soon after Hmm)
Also Note Operation expenses
Convertible note payable 269,747
Conversion of debt to equity $157,500
Proceeds from notes and loans 165,000
Stockholder advances, proceeds 22,500
total operating expenses 73,144
(unaudited) Convertible notes payable: a series of notes have been issued at various times with identical terms: maturity within 9 months; interest rate at 8%; convertible at 50-65% discount to trading fair market value; convertible at option of holder $180,500
Convertible demand note payable, dated September 23, 2011, no maturity date, 2% interest rate, convertible at 50% discount to trading price at time of demand $199,000
On June 11, 2010 the Board of Directors of the Company approved a reverse stock split, whereby one common share was issued for each thirty shares of common stock held (“30:1”) (184,060,170 shares exchanged for 6,135,339 shares).
The company has one class of stock, common. Two billion (2,000,000,000) shares of stock are authorized by the company’s Amended Articles of Incorporation filed within the State of Delaware, at par value $.00001
But thats what bashers do I guess.
Like I said..Keep Reading..Lot a Cash
And remember Steve cashed in 6mil 144s at the PEAK in June around the .03 range about 200k worth,,, (Crash Soon after Hmm)
Also Note Operation expenses
Convertible note payable 269,747
Conversion of debt to equity $157,500
Proceeds from notes and loans 165,000
Stockholder advances, proceeds 22,500
total operating expenses 73,144
(unaudited) Convertible notes payable: a series of notes have been issued at various times with identical terms: maturity within 9 months; interest rate at 8%; convertible at 50-65% discount to trading fair market value; convertible at option of holder $180,500
Convertible demand note payable, dated September 23, 2011, no maturity date, 2% interest rate, convertible at 50% discount to trading price at time of demand $199,000
On June 11, 2010 the Board of Directors of the Company approved a reverse stock split, whereby one common share was issued for each thirty shares of common stock held (“30:1”) (184,060,170 shares exchanged for 6,135,339 shares).
The company has one class of stock, common. Two billion (2,000,000,000) shares of stock are authorized by the company’s Amended Articles of Incorporation filed within the State of Delaware, at par value $.00001
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