posted
SLWF will be attending the biggest electronic show in las vegas on january 8. It called the consumer electronic show. Keep an eye on this one. Major companies such as Sony , Toshiba , etc , will be attending. Any contract that results from this will send this sky rocketing. The o/s on SLWF is 132 million. Its currently sitting at 0.0026. So keep an eye , this one should go first week of janauary.
Posts: 124 | Registered: Dec 2006
| IP: Logged |
posted
so your telling me they reduced the number of O/S between june and nov with out saying a word to any one (no way) --- i think there is a mistake made somewhere---if you want the true amount call the TA----I dont buy they reduced the share count
posted
Well its the 10Q check for yourself , they had to reduce their share count , because some debt was paid off , and it was taken out of the o/s and they were cancelled according to the latest 8k. I will call the TA and check
Posts: 124 | Registered: Dec 2006
| IP: Logged |
"State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: As of September 30, 2006, the Issuer had 1,309,297,154 shares of common stock issued and outstanding.
----- SNIP -----
NOTE 3: NOTE PAYABLE
The note payable bears interest at prime plus 4% and was due May 14, 2006. The remaining notes were assigned to Ayuda Funding LLC. These notes are secured by Series A convertible preferred stock, (See Note 7: Preferred Stock). These notes allow the note holder to convert the preferred stock to common stock to pay off the note and interest due in case of a default in the quarterly interest payments for the loan. (See Note 6: Related Party Transaction).
----- SNIP -----
NOTE 4: LONG TERM DEBT
During the fiscal year ended of June 30, 2006, the Company borrowed $4,600,000 under two loan agreements with Ayuda Funding LLC for which 184,000 previously issued Series A convertible preferred shares are held as collateral. These notes were in default which allowed the note holder to convert the preferred stock to common stock.
----- SNIP -----
STOCK ISSUANCE
During the first quarter ended September 30, 2006 for the fiscal year end June 30, 2007:
Ayuda Funding, LLC converted 76,027 shares of Series A Preferred Stock into 760,270,000 shares of common stock to repay Ayuda in the amount of $2,392,991.
Global Debit Card Ltd. converted 100 shares of Series A Preferred Stock valued at $ 0.10 into 1,000,000 shares of common stock valued at $1,000.
500 shares of Series A Preferred Stock were converted into 5,000,000 shares of common stock for consulting services and expensed at $24,000.
8,100,000 shares of common stock were issued for services and expensed for officer's compensation at $81,000.
190,000,000 shares of common stock were issued to Ayuda Funding, LLC valued at $190,000."
Yep, that's 1.3 BILLION!
Read the whole thing! There's great material in there.
That being said, I still think it has some possibilities of running in January cuz of the show....
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
