On June 7, 2012, the Company issue
Post# of 39368
Posted On: 02/05/2013 4:59:07 PM
| | On June 7, 2012, the Company issued 177,143 shares of common stock to a related party, to relieve $5,000 of debt. The fair value of the shares was $6,377 resulting in a loss of $1,377. |
| ? | On August 3, 2012, the Company issued 15,872,936 shares of common stock valued at $427,500 for cash payments from unrelated investors. |
| ? | Also on August 3, 2012, the Company issued 4,592,986 shares of common stock valued at $234,242, to a related party controlled by our Chairman, Andrew Reid, to relieve debt to that company, resulting in a loss of $107,967. |
| ? | Also on August 3, 2012, the Company issued 1,000,000 shares of common stock valued at $43,000, for services rendered to the Company by consultants. |
| ? | Also on August 3, 2012, the Company issued 557,143 shares of common stock valued at $28,414 for the purchase of equipment. |
| ? | Also on August 3, 2012, the Company issued 1,962,490 shares of common stock valued at $100,084, to pay an outstanding balance to one of our legal consultants. |
| ? | On August 8, 2012, the Company issued 22,185,893 shares of common stock valued at $1,082,672 to a principal in a related company controlled by our Chairman and Chief Executive Officer, Andrew Reid as recognition for his efforts in providing shares for fund raising on behalf of the Company and for unpaid and unreimbursed fees and expenses. |
| ? | On August 9, 2012, the Company issued 7,616,533 shares of common stock valued at 373,210 to our Chairman and Chief Executive Officer, Andrew Reid as recognition for his efforts in providing shares for fund raising on behalf of the Company and for unpaid and unreimbursed fees and expenses. |
| ? | On August 20, 2012, the Company issued 3,943,750 shares of common stock valued at $104,250 for cash payments from unrelated investors. |
| ? | Also on August 20, 2012, the Company issued 28,506,812 shares of common stock valued at $1,331,268, to a related party controlled by our Chairman, Andrew Reid, to relieve debt to that company, resulting in a loss of $752,868. |
| ? | Also on August 20, 2012, the Company issued 8,347,188 shares of common stock valued at $389,814, for services rendered to the Company by consultants. |
| ? | On August 27, 2012, the Company issued 7,500,000 shares of common stock valued at $345,000, to the Company’s new Chief Financial Officer, George Warren, in recognition of his efforts in raising capital for the company. |
| ? | On August 29, 2012, the Company issued 18,662,011 shares of common stock valued at $839,791, to consultants and others who had provided services to the company. |
| ? | On September 5, 2012, the Company issued 600,000 shares of common stock, valued at $60,000 for the conversion of preferred stock. The conversion was consistent with the original issuance agreement, therefore no gain or loss was recognized. |
| ? | On September 6, 2012, the Company issued 20,180,000 shares of common stock valued at $864,200, to consultants and others who had provided services to the company. |
| ? | On September 17, 2012, the Company issued 5,000,000 shares of common stock valued at $180,000, to consultants and others who had provided services to the company. |
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