Quarterly report pursuant to sections 13 or 15(d)

NOTE 17 - COMMON STOCK

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NOTE 17 - COMMON STOCK
3 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
NOTE 17 - COMMON STOCK

 

NOTE 17 – COMMON STOCK

 

On March 6, 2012, a convertible note in the amount of $146,361 was converted into 1,833,333 shares of common stock.

 

In May 2011, the Company issued 500,000 shares of common stock to three accredited investors in exchange for $50,000.

 

In January 2011, the Company issued 50,000 shares of common stock in exchange for $5,000 in a private placement with an accredited investor.

 

In January 2011, the Company issued 3,000,000 shares of common stock in exchange for $150,000 in a private placement with its new director and Chief Operating Officer.