Over 2 Million dollars diluted in 90 days. No wond
Post# of 22940
Posted On: 06/21/2016 8:05:35 PM
Over 2 Million dollars diluted in 90 days. No wonder we have seen VFIN and VNDM around for the past 3 months.
1. During the six months ended April 30, 2016, we issued 694 shares of our preferred stock in consideration of the cancellation and retirement of 692,943,784 shares of our common stock. The issuances were exempt pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
2. In February 2016, we issued 220 shares of our preferred stock to an accredited investor in satisfaction of 220,000,000 shares of common stock sold to such investor in June 2015 which shares had never been issued. The issuance was exempt under Rule 506 and/or Section 4(a)(2) of the Securities Act of 1933, as amended.
3. On February 1, 2016, we entered into a consulting service agreement with a third-party consultant pursuant to which we agreed to issue the consultant 100 shares of our convertible preferred stock in consideration of the consultant’s services. The shares had not been issued. We will rely on the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended, for the issuance of these shares.
4. On February 22, 2016, we entered into a consulting service agreement with a third-party consultant pursuant to which we agreed to issue the consultant 300 shares of our convertible preferred stock in consideration of the consultant’s services. The shares were issued in May 2016. We will rely on the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended, for the issuance of these shares.
5. During the six months ended April 30, 2016, we issued 194,000,000 shares of common stock upon conversion of 194 shares of our preferred stock. The issuance was exempt in reliance upon the exemption provided by Rule 3(a)(9) and/or Section 4(a)(2) of the Securities Act of 1933, as amended.
6. In April 2016, we sold 60 shares of our preferred stock in consideration of $47,000. These shares have not yet been issued. The issuance will be exempt pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
7. During the six months ended April 30, 2016, we issued 324 shares of convertible preferred stock to our employees and consultants in consideration of services rendered. The shares were valued at $732,800 based on the closing prices of the underlying common stock. The issuances were exempt under Section 4(a)(2) of the Securities Act of 1933, as amended.
8. During the six months ended April 30, 2016, we issued 358,000,000 shares of common stock to consultants in consideration of services rendered. The shares were valued at $871,200 based on the closing stock prices on the dates of the stock grants. The issuances were exempt pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
9. In May 2016, we issued 315 shares of convertible preferred stock to consultants in consideration of services rendered. The shares were valued at $1.29 million based on the closing prices of the underlying common stock. The issuances were exempt under Section 4(a)(2) of the Securities Act of 1933, as amended.
1. During the six months ended April 30, 2016, we issued 694 shares of our preferred stock in consideration of the cancellation and retirement of 692,943,784 shares of our common stock. The issuances were exempt pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
2. In February 2016, we issued 220 shares of our preferred stock to an accredited investor in satisfaction of 220,000,000 shares of common stock sold to such investor in June 2015 which shares had never been issued. The issuance was exempt under Rule 506 and/or Section 4(a)(2) of the Securities Act of 1933, as amended.
3. On February 1, 2016, we entered into a consulting service agreement with a third-party consultant pursuant to which we agreed to issue the consultant 100 shares of our convertible preferred stock in consideration of the consultant’s services. The shares had not been issued. We will rely on the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended, for the issuance of these shares.
4. On February 22, 2016, we entered into a consulting service agreement with a third-party consultant pursuant to which we agreed to issue the consultant 300 shares of our convertible preferred stock in consideration of the consultant’s services. The shares were issued in May 2016. We will rely on the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended, for the issuance of these shares.
5. During the six months ended April 30, 2016, we issued 194,000,000 shares of common stock upon conversion of 194 shares of our preferred stock. The issuance was exempt in reliance upon the exemption provided by Rule 3(a)(9) and/or Section 4(a)(2) of the Securities Act of 1933, as amended.
6. In April 2016, we sold 60 shares of our preferred stock in consideration of $47,000. These shares have not yet been issued. The issuance will be exempt pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
7. During the six months ended April 30, 2016, we issued 324 shares of convertible preferred stock to our employees and consultants in consideration of services rendered. The shares were valued at $732,800 based on the closing prices of the underlying common stock. The issuances were exempt under Section 4(a)(2) of the Securities Act of 1933, as amended.
8. During the six months ended April 30, 2016, we issued 358,000,000 shares of common stock to consultants in consideration of services rendered. The shares were valued at $871,200 based on the closing stock prices on the dates of the stock grants. The issuances were exempt pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
9. In May 2016, we issued 315 shares of convertible preferred stock to consultants in consideration of services rendered. The shares were valued at $1.29 million based on the closing prices of the underlying common stock. The issuances were exempt under Section 4(a)(2) of the Securities Act of 1933, as amended.
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