Quarterly report pursuant to Section 13 or 15(d)

NOTE 8: SUBSEQUENT EVENTS

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NOTE 8: SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2013
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
NOTE 8: SUBSEQUENT EVENTS

In October 2013, the Company issued 714,286 common shares for the conversion of $20,000 in debt.

In October 2013, the Company signed an exclusive agency agreement with CW Kang as the Company’s agent in South Korea. The agreement calls for the issuance of 1,000,000 common shares upon signing, a monthly retainer that will be paid when funds are available, or paid in stock, and potential additional shares based on success in the origination of new business with clients introduced by Mr. Kang.

In October 2013, Robin Eves and Ignacio Ponce de Leon voluntarily returned for cancellation unvested options for the purchase of a total of 16,000,000 of the Company’s common shares that were granted pursuant to employment agreements. The 16,000,000 shares underlying the cancelled options were returned to the pool of available, unreserved and authorized capital.

On November 6, 2013, the Company borrowed $50,000 under a convertible note. The note is unsecured, matures in six months, bears interest of 10%, and becomes convertible into common stock sixty days from issuance at the lower of $0.03 or 60% of the lowest trading price during the 25 days preceding the date of conversion.