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Related Party Transactions
9 Months Ended
Aug. 31, 2016
Related Party Transactions [Abstract]  
Related Party Transactions

Note 12 – Related Party Transactions

 

At August 31, 2016 and November 30, 2015, we owed our chief executive officer $1,575,651 and $1,380,162, respectively, for loans he provided to the Company, unpaid salary and unpaid business expenses. During the first quarter of fiscal 2015, the Company settled $100,000 in outstanding payables to the chief executive officer of by issuing 10,000,000 shares each of the Company’s Series F and G preferred stock and 10 shares of the Company’s Series E stock.

 

At August 31, 2016 and November 30, 2015, we owed $458,149 and $222,918, respectively, to a company that is controlled by the entity that owned 60% of our voting control, via ownership of our Series H preferred stock. On August 24, 2016, the 500,000 shares of Series H preferred stock that were issued to Flux Carbon Corporation in conjunction with the purchase of Plaid Canary Corporation, were surrendered to the Company. After this surrender, Flux Carbon Corporation’s beneficial ownership of the Company is a 10% voting control, via the ownership of 100,000 shares of Series H preferred stock.