Re: Shares....enough already!
in response to
by
posted on
Apr 11, 2012 02:58PM
(Edit this Message from the "Fast Facts" Section)
well it does look like they prepaid all the expenses for the year. Insiders sure have loaded up on shares.
· 55,488,052 shares of Class A Common Stock were issued upon conversion of notes payable with an aggregate principal amount of $2,698,039. · 5,000,000 shares of Class A Common Stock valued at $320,000 were issued in payment of accounts payable. · 312,778 shares of Class A Common Stock valued at $12,511 were issued in payment of interest. · 5,000,000 shares of Class A Common Stock valued at $210,000 were issued in payment of prepaid rent. · 2,000,000 shares of Class A Common Stock valued at $65,667 were issued upon exercise of a Put under our Equity line. · 12,539,836 shares of Class A Common Stock to various vendors for consulting services valued at $635,320. · 93,312,521 shares of Class A Common Stock valued at $3,265,938 were issued in payment of compensation for 2012. · 40,903,885 shares of Class A Common Stock valued at $1,431,636 to various officers of Goldland (who are also our officers) to pay compensation due to them by Goldland for the 2012 fiscal year. The value of the shares will be applied to amounts that we owe Goldland under the above-described lease.