Quarterly report pursuant to Section 13 or 15(d)

Convertible Preferred Stock (Narrative) (Details)

v2.4.0.8
Convertible Preferred Stock (Narrative) (Details)
6 Months Ended
Jun. 30, 2014
Convertible Preferred Stock Narrative Details  
Voting rights of series e convertible preferred shares Entitled to vote 1,000 votes per share of Series E Convertible Preferred Shares.
Convertible preferred stock conversion terms

Convertible to common stock at the average closing bid price for the Company’s common stock for the 5 trading days prior to the conversion date, and is adjustable to prevent dilution.  (Convertible to 467,290common shares at June 30, 2014).

Convertible at the Option of the Company at par value only after repayment of the shareholder loans from Joseph Fiore and subject to the holder’s option to convert.