Posted On: 08/20/2013 5:37:39 PM
Post# of 36729
Old convertibles are settled. The preferred supposed to be issued Sept 15 2013. Looks like at least a year before any conversion can happen with those.
On May 15, 2013, the holders of 6 convertible promissory notes issued by the Company
each elected to convert a portion of the principal due on each note into common shares.
Each holder converted $6,897 in principal into stock at a conversion price of $0.0003, on
the terms provided in the notes, and each received 22,990,000 common shares, resulting in
an increase in the number of shares issued to 499,990,303 shares.
On May 15, 2013, the holders of 6 convertible promissory notes issued by the Company
each elected to convert a portion of the principal due on each note into common shares.
Each holder converted $6,897 in principal into stock at a conversion price of $0.0003, on
the terms provided in the notes, and each received 22,990,000 common shares, resulting in
an increase in the number of shares issued to 499,990,303 shares.
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