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Subsequent Events
3 Months Ended
Mar. 31, 2018
Notes  
Subsequent Events

 

NOTE 9 – SUBSEQUENT EVENTS [KK6] 

 

Two further conversions by Noteholders were enacted since March 31. This increased the Issued shares by 289,122,500. During and since the first quarter, a total of four noteholders have completed conversion of their Notes and have no further claims against the company.

The Company leased a 3,000 sq. ft. building in Goldendale from the City to use as a temporary operations facility for the company during the construction of the new Production Building to be built on the Company’s Land on the City’s Industrial Park[KK7] . The 6-month lease is $500 per month plus $100 per month for Power. It is expected the Company will move into an office on their Company Land on the Industrial Park by completion of this lease.

Most of the Company’s Equipment Assets have been transported to this temporary facility where some refurbishing will be carried out. Additionally, the Company is constructing the Campus Site Office to be used during the construction stage.

Management hired a new employee, Mr. Mike Young, to fill the position of VP, operations who will assist management in the upkeep of financial affairs and submission of SEC and other related company business. He will also assist in the acquisition of new equipment and day to day operations.

The Company has prepared Site Plans and Building Designs subsequent to the acquisition of the land and, as of April 30, final designs have been approved by the Board for construction and are due to be submitted for Codes approval.