The proof is in the pudding. or if you will the fi
Post# of 17862
Posted On: 12/18/2013 10:07:55 AM
The [b]proof[/b] is in the pudding. or if you will the [i]filing[/i].
This company is sticking to what it tells us. The pr was just a reminder of where we are going and whats happening.
from this september's filing
Common Stock
On September 24, 2013, the Company’s Board of Directors voted to increase the number of shares of
authorized common stock from 10,000,000,000 to 20,000,000,000.
During the same period, the Company authorized to issue 90,500,000 common shares for additional
interest on certain convertible notes valued at approximately $9,100 (Note 4). All shares of stock are
fully vested upon issuance. The values recorded were based on the estimated fair value of the stock on
the date of grant.
[b][i]Also during the same period noted in the preceding paragraph, the Company purchased at $-0- cost,
1,328,300,000 shares of capital stock which the Company put in treasury and then cancelled as of
September 30, 2013.[/i][/b]
[b]As of September 30, 2013, there are 9,358,041,272 shares issued and outstanding[/b], respectively.
this shows that the company is serious about retiring shares. it also shows that while the A/S was increased, we are still below the former A/S of 10 billion. The increase had to be done to cover any conversions that may happen before the company can buy back the shares. It was Increase A/S or reverse split. I for one am for the increase.
I believe in this company. I believe they are doing exactly what they say they are. its not pretty, but it has to be done.
and as for claims of the ceo's paying themselves tons of money, well thats in the quarterly as well, but not in the way its portrayed . lets look at it
[b]for the quarter ended september 2013, officers compensation was $30,800[/b]
[b]from date of inception (october 6, 2006) to current, total officer compensation was $844694[/b]
its all there for you to read yourself. i encourage you to. dont rely on me, check it out for yourself.
This company is sticking to what it tells us. The pr was just a reminder of where we are going and whats happening.
from this september's filing
Common Stock
On September 24, 2013, the Company’s Board of Directors voted to increase the number of shares of
authorized common stock from 10,000,000,000 to 20,000,000,000.
During the same period, the Company authorized to issue 90,500,000 common shares for additional
interest on certain convertible notes valued at approximately $9,100 (Note 4). All shares of stock are
fully vested upon issuance. The values recorded were based on the estimated fair value of the stock on
the date of grant.
[b][i]Also during the same period noted in the preceding paragraph, the Company purchased at $-0- cost,
1,328,300,000 shares of capital stock which the Company put in treasury and then cancelled as of
September 30, 2013.[/i][/b]
[b]As of September 30, 2013, there are 9,358,041,272 shares issued and outstanding[/b], respectively.
this shows that the company is serious about retiring shares. it also shows that while the A/S was increased, we are still below the former A/S of 10 billion. The increase had to be done to cover any conversions that may happen before the company can buy back the shares. It was Increase A/S or reverse split. I for one am for the increase.
I believe in this company. I believe they are doing exactly what they say they are. its not pretty, but it has to be done.
and as for claims of the ceo's paying themselves tons of money, well thats in the quarterly as well, but not in the way its portrayed . lets look at it
[b]for the quarter ended september 2013, officers compensation was $30,800[/b]
[b]from date of inception (october 6, 2006) to current, total officer compensation was $844694[/b]
its all there for you to read yourself. i encourage you to. dont rely on me, check it out for yourself.
(0)
(0)