Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: During the three months ended March 31, 2017, the Company issued a total of 111,214 shares of its common stock as follows:
−Removed: During March 2017, the Company issued 111,214 unregistered shares of common stock to a corporation for conversion of $850 principal and $40 accrued interest related to a Note.
+Added: During the three months ended June 30, 2017, the Company issued a total of 556,305 shares of its common stock as follows:
+Added: During April 2017, the Company issued 162,500 unregistered shares of common stock to a corporation for conversion of $1,300 of accrued interest related to a Note.
These unregistered shares were valued at $0.008 per share, the fixed conversion price stated in the Note.
+Added: During May 2017, the Company issued 176,938 unregistered shares of common stock to a corporation for conversion of $600 principal and $816 accrued interest related to a Note.
+Added: These unregistered shares were valued at $0.008 per share, the fixed conversion price stated in the Note.
+Added: During May 2017, the Company issued 6,127 unregistered shares of common stock to three corporations for a mandatory conversion of $19,222 principal and $689 accrued interest related to three individual Notes.
+Added: These unregistered shares were valued at $3.25 per share, the fixed conversion price stated in the Note, as adjusted for the two stock splits that occurred between the mandatory conversion date and the issuance of the common stock.
+Added: During June 2017, the Company issued 185,740 unregistered shares of common stock to a corporation for conversion of $1,400 principal and $86 accrued interest related to a Note.
+Added: These unregistered shares were valued at $0.008 per share, the fixed conversion price stated in the Note.
+Added: During July 2016, the Company issued 25,000 unregistered shares of the Company’s common stock as compensation.
+Added: The shares were valued at $1,875.
All issuances referenced above were exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933 (the “Securities Act”).
8 unchanged sentences
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, 2017.
+Added: There were no proceeds from the sales the Company’s unregistered common stock during the three months ended June 30, 2017.
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”.
16 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: The Company did not repurchase any shares of common stock during the period ending March 31, 2017.
+Added: The Company did not repurchase any shares of common stock during the period ending June 30, 2017.
Defaults Upon Senior Securities
2 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.