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Subsequent Events
12 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Note 9 - Subsequent Events

Convertible Debt

 

On October 21, 2016, the Company issued a 12.5% Convertible Promissory Note in the aggregate amount of $40,000. This note matures on October 21, 2017 and is convertible at 50% of the lowest trading price for the 25 days prior to the conversion date. The Company received $38,000 in net proceeds from this transaction which the Company used for general working capital.

 

On December 28, 2016 the Company issued an 8% Convertible Promissory Note in the aggregate amount of $118,568 to MDI and is convertible at the common stock par value of $0.001 per share. This note matures on December 31, 2017.

 

On March 3, 2017, a 10% convertible debenture for $68,126 matured and is in default.


Stock Split

 

On February 8, 2017 the Company had a reverse stock split in the ratio of 1:2,000. Shares issued and outstanding after the split were 205,195.