Note 8. Subsequent events In April 2014
Post# of 22458
Posted On: 02/02/2015 11:20:26 AM
Note 8. Subsequent events
In April 2014, the Company had the following issuances of common stock:
4,583,333 shares at $0.06 in exchange for cash of $275,000;
3,291,667 shares at $0.06 for services with a fair value of $197,500 and;
4,666,667 shares at a fair value $0.06 for salary conversion of $280,000.
On April 3, 2014, the Board of Directors approved the following:
The issuance of 2,000,000 shares of common stock be issued to Andrew Robinson as payment for securing a letter of intent (LOI) related to a solar pilot plant;
The termination of three outside party consulting agreements due to satisfactory completion of the contracts;
The engagement of an outside marketing and public relations firm;
The option for the company’s outside counsel to convert fees of about $200,000 owed to them to a convertible note, payable on demand, at a conversion price of $0.06 per share
http://www.sec.gov/cgi-bin/viewer?action=view...rl_type=v#
In April 2014, the Company had the following issuances of common stock:
4,583,333 shares at $0.06 in exchange for cash of $275,000;
3,291,667 shares at $0.06 for services with a fair value of $197,500 and;
4,666,667 shares at a fair value $0.06 for salary conversion of $280,000.
On April 3, 2014, the Board of Directors approved the following:
The issuance of 2,000,000 shares of common stock be issued to Andrew Robinson as payment for securing a letter of intent (LOI) related to a solar pilot plant;
The termination of three outside party consulting agreements due to satisfactory completion of the contracts;
The engagement of an outside marketing and public relations firm;
The option for the company’s outside counsel to convert fees of about $200,000 owed to them to a convertible note, payable on demand, at a conversion price of $0.06 per share
http://www.sec.gov/cgi-bin/viewer?action=view...rl_type=v#
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