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NOTE 10. SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2021
NOTE 10. SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 10. SUBSEQUENT EVENTS

 

On October 5, 2021, 22,000 shares of Series C Convertible Preferred Stock were converted to 220,000,000 shares of common stock.

 

On October 8, 2021, 22,000 shares of Series C Convertible Preferred Stock were converted to 220,000,000 shares of common stock.

 

On October 13, 2021, 23,000 shares of Series C Convertible Preferred Stock were converted to 230,000,000 shares of common stock.

 

On October 15, 2021, 24,000 shares of Series C Convertible Preferred Stock were converted to 240,000,000 shares of common stock.

 

On October 18, 2021, 46,000 shares of Series C Convertible Preferred Stock were converted to 460,000,000 shares of common stock.

 

On October 19, 2021, 48,400 shares of Series C Convertible Preferred Stock were converted to 484,000,000 shares of common stock.

 

On October 20, 2021, 50,990 shares of Series C Convertible Preferred Stock were converted to 509,900,000 shares of common stock.

 

On October 29, 2021, 53,670 shares of Series C Convertible Preferred Stock were converted to 536,700,000 shares of common stock.

 

On November 11, 2021, 45,969 shares of Series C Convertible Preferred Stock were converted to 459,690,000 shares of common stock.

 

A complaint against the Company, dated July 29, 2021, has been filed in the United States District Court of Nevada, by Discover Growth Fund, LLC. (“Discover”), a current stockholder for claims related to the issuance of shares of Series C Preferred Stock to Discover during the first quarter of 2021. On August 20, 2021, the Company and Discover reached a Settlement Agreement whereby the Company will issue 72,638 shares of Preferred Series C stock to Discover. This Settlement Agreement is conditioned upon obtaining a court order approving the settlement between the parties. The court has scheduled a hearing for the approval on November 19, 2021.

 

On October 25, 2021, the Company entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Discover Growth Fund, LLC. (“Discover”), a current stockholder, for cash proceeds of $1,000,000 for the purchase of 10,000 shares of Series C Convertible Preferred Stock that are convertible into 100,000,000 shares of the Company’s common stock at the fixed conversion price of $0.01 per share.