Capital Stock

9 Months Ended

Jun. 30, 2014

Notes

Capital Stock

CAPITAL STOCK

At June 30, 2014, the Company’s authorized stock consisted of 2,000,000,000 shares of common stock, with no par value.  The Company is also authorized to issue 50,000,000 shares of preferred stock with a par value of $0.01 per share of which 10,000 shares have been designated as Series A Preferred Stock.  The rights, preferences and privileges of the holders of the preferred stock are determined by the Board of Directors prior to issuance of such shares.

During the nine months ended June 30, 2014, the Company issued 137,054,424 shares of common stock upon conversion of convertible notes in the aggregate fair value of $1,624,719 at prices ranging between $0.0021 and $0.0077.