WPNV In fact, the company in their press released
Post# of 88928
Posted On: 06/13/2013 8:29:37 AM
WPNV
In fact, the company in their press released yesterday indicated a $1 per share valuation on their stock price.
In connection with this salary change Mr. Myers and the Corporate Secretary agreed to convert the previous compensation owed to them by the Company (deferred compensation) to corporate stock at a price of $1.00 per share. This means that the Company has converted $360,000.00 of debt to 360,000 shares of newly issued restricted common stock.
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