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Subsequent Events
9 Months Ended
Sep. 30, 2013
Notes  
Subsequent Events

SUBSEQUENT EVENTS

 

Between October 1, 2013 and November 13, 2013, the Company issued 71,250,000 shares of common stock as a result of converting $9,700 of principal on two short term convertible bridge notes payable.

 

On October 11, 2013 the Company entered into a Settlement Agreement ("Stipulation of Settlement") with Ms.Von Biederman to settle any/all claims previously disclosed in the Company's periodic filings.  The terms of which are confidential, without any party admitting or conceding any issue of fact or law.  

 

On October 21, 2013, the Company filed a Certificate of Designations for the creation of Series C Preferred Stock with the Delaware Secretary of State.

 

On October 31, 2013 the Company filed an information statement on Form 14-C to the SEC in connection with: (i) an increase in the number of authorized shares of common stock from 950,000,000 to 10,000,000,000 shares (“the “Increase”); (ii) a decrease in the par value of the Company’s common stock to $.00001 par value (the “Par Value Change”); (iii) a reverse stock split of the Company’s issued and outstanding shares of common stock on a basis of up to 5,000 for 1 (the “Stock Split”); and (iv) an amendment to the Amended and Restated Certificate of Designations of the Series B Preferred Stock to eliminate the protective provisions set forth in clauses (ii), (iii) and (iv) of Section 7 of the Amended and Restated Certificate of Designations of the Series B Preferred Stock (the “COD Amendment”).  The approval of each of the Increase, Par Value Change and Stock Split was obtained on October 21, 2013 from six stockholders of the Company that are holders of approximately 56% of the voting rights of the stockholders entitled to vote with respect to each of the proposals, which stockholders own 550,055 shares of the Company’s Series B Preferred Stock, 3,650,000 shares of Series C Preferred Stock and 223,200,089 shares of the Company’s common stock.