Schedule 2: STOCK TRANSACTIONS
During the year ended June 30, 2010 the Company issued shares of common stock as follows:
| # Shares | Value | ||||||
| Services by consultants, officers and employees | 15,672 | $ | 246,225 | ||||
| Conversion of officer’s accrued salaries | 3,000 | $ | 15,925 | ||||
| Debt conversions | 59,720 | $ | 73,000 | ||||
During the year ended June 30, 2010 the Company issued shares of preferred stock as follows:
| # Shares | Value | ||||||||
| Services by officer and employee | 1,017,034 | $ | 300,787 | ||||||
| Officer bonus | 181,868 | $ | 66,800 | ||||||
Acquisition of Trimax Wireless – Preferred B |
2,500,000 |
$ |
5,708,864 | ||||||
Conversion of preferred stock to common stock during the year ended June 30, 2010 was as follows:
| Preferred | Common | ||||||||||||||||||||||
| Shares | Par | Shares | Par | APIC | |||||||||||||||||||
| Preferred A | (600,000) | $ | (600) | 3,600,000 | $ | 3,600 | $ | (3,000) | |||||||||||||||
| Preferred A-1 | (157,575) | $ | (157) | 55,625 | $ | 56 | $ | (102) | |||||||||||||||
| Preferred A-2 | (55,625) | $ | (56) | 252,120 | $ | 252 | $ | (196) | |||||||||||||||
| Preferred B | (1,609,400) | $ | (1,609) | 965,638 | $ | 966 | $ | (643) | |||||||||||||||
