Post by
dontbelievethehype on Mar 10, 2014 3:14pm
How they got to 3.5 billion shares
From FITX's most recent filing;
NOTE 1 1 - Capital Changes
Common Stock
The Company issued 8,400,000 shares of its common stock for the net assets of Science Defined Nutrition that was valued at $6,978 at April 3, 2012.
The Company sold 32,150,136 shares of its restricted common stock for $96,840. The average price on these sales was $.0036.
The Company, as mentioned above, issued 63,600,000 shares of its common stock for $57,833 of notes payable.
The Company issued 52,800,000 shares of its common stock for services valued at $212,000.
e Company issued 76,800,000 shares of common stock for $64,000 of debt in August 2012.
The Company issued in October and November 2012 32,400,000 shares of its common stock for a value of $121,825.
The Company issued in October 2012 68,400,000 shares of its common stock offsetting $57,000 of debt and recorded a loss of $220,875 on the debt conversion
The Company in the quarter ended March 31, 2013 issued 254,400,000 shares of its common stock offsetting $212,000 of debt and recorded a loss of $279,131 on the debt conversion.
The Company in the quarter ended March 31,2013 issued 7,489,176 shares of its common stock offsetting $16,200 of debt.
The Company issued 4,000,000 shares of its common stock for services valued at $9,267.
The Company in the quarter ended June 30, 2013 issued 30,100,000 shares of its common stock offsetting $130,000 of debt.
The Company in the quarter ended June 30, 2013 issued 221,444,444 shares of its common stock to payoff notes payable and related interest in the amount of $292,600.
The Company issued 143,200,000 shares of its common stock in the quarter ended June 30, 2013 for services in the amount of$146,000.
The Company issued 84,243,695 shares of its common stock in the quatier ended June 30, 2013 for a service contract on a line of credit it has valued at $84,244.
The Company issued 75,000,000 shares as a deposit for the acquisition of the Canadian Nutrition Superstores.
The Company in the quatier ended September 30,2013 issued 579,022,017 shares of its common stock offsetting $906,823 of debt and other services.
The Company issued 1,067,265,918 shares of its common stock in the quarter ended September 30, 2013 for services in the amount of $1,071,266.
Preffered Stock
The Company issued 1,000,000 shares of its Series A Preferred Stock for services valued at $5,000.
The preferred shares are held by the CEO of the Company and have 5,000:1 voting rights for common shares and do not need to be converted to hold such rights.
The pot thickens...there are real companies with licenses doing this...just go to the Health Canada web site, and find the MMJ licensed provider list...there are now 9 of them...this, in my humble opinion, does not look like one of them.