Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: During the three months ended March 31, 2015 the Company issued a total of 468,295 shares of its common stock as follows:
−Removed: During January 2015, the Company issued 58,092 shares of common stock to a corporation for conversion of $250 note payable and $40 of accrued interest.
+Added: During the six months ended June 30, 2015 the Company issued a total of 334,446 shares of its common stock as follows:
+Added: During January 2015, the Company issued 58,092 shares of common stock to a corporation for conversion of $250 principal and $40 accrued interest related to a Note.
These shares were valued at $0.005 per share.
−Removed: During February 2015, the Company issued 177,072 shares of common stock to a corporation for conversion of $750 note payable and $136 of accrued interest.
+Added: During February 2015, the Company issued 177,072 shares of common stock to a corporation for conversion of $750 principal and $136 accrued interest related to Note.
These shares were valued at $0.005 per share.
−Removed: During March 2015, the Company issued 162,264 shares of common stock to Capital Consulting for conversion of $500 note payable and $41 of accrued interest.
+Added: During February 2015, the Company issued 70,867 shares of common stock in final settlement of a consulting agreement.
+Added: These shares were valued at $0.08467.
+Added: During March 2015, the Company issued 162,264 shares of common stock to a corporation for conversion of $500 principal and $41 accrued interest related to a Note.
These shares were valued at $0.005 per share.
−Removed: During February 2015, James Hodge, our chairman of the board of directors, was issued 70,867 unregistered shares of the Company’s common stock in final settlement of a consulting agreement.
−Removed: These shares were valued at $0.08467 per share or $6,000.
+Added: During April 2015, the Company issued 86,882 shares of common stock to a corporation for conversion of $400 principal and $40 accrued interest related to Note.
+Added: These shares were valued at $0.005 per share.
+Added: During April 2015, the Company issued 50,000 shares of common stock in final settlement of a consulting agreement.
+Added: These shares were valued at $0.0357 per share.
+Added: During May 2015, the Company issued 100,000 shares of common stock to pursuant to final settlement of an outstanding debt.
+Added: These shares were valued at $0.2278 per share.
+Added: During June 2015, the Company issued 87,564 shares of common stock to a corporation for conversion of $400 principal and 37.82 accrued interest related to a Note.
+Added: These shares were valued at $0.005 per share.
+Added: During June 2015, the Company issued 10,000 shares of common stock pursuant to a final settlement of an outstanding payable to an individual.
+Added: These shares were valued at $0.05 per share.
With respect to the sales of all securities
−Removed: the aggregate shares of common stock were issued to eight United States residents and a Canadian resident in reliance on Section 4(2) and Rule 506 promulgated under the Securities Act of 1933, as amended.
+Added: the aggregate shares of common stock were issued in reliance on Section 4(2) and Rule 506 promulgated under the Securities Act of 1933, as amended.
The shares of common stock have not been registered under the Securities Act or under any state securities laws and may not be offered or sold without registration with the United States Securities and Exchange Commission or an applicable exemption from the registration requirements.
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Use of Proceeds of Registered Securities.
−Removed: There were no proceeds from the sales the Company’s unregistered common stock during the three months ended March 31, 2015.
+Added: Not Applicable
Penny Stock Regulation.
−Removed: Shares of our common stock are subject to rules adopted the Securities and Exchange Commission that regulate broker-dealer practices in connection with transactions in “penny stocks”.
−Removed: Penny stocks are generally equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in those securities is provided by the exchange or system).
+Added: Shares of our common stock are subject to rules adopted the Securities and Exchange Commission that regulate broker-dealer practices in connection with transactions in “penny stocks.” Penny stocks are generally equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in those securities is provided by the exchange or system).
The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules;
19 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.