WORLD HEALTH ENERGY HOLDINGS, INC.
Contact Info

    * 777 S Flagler Dr.
    * Suite 800
    * West Palm Beach, FL
    * United States, 33411

 

    * Website: http://www.worldhealthenergy.com
    * Phone: 212-444-1019
      

In 2010, the Company entered into an agreement to acquire 100% of the issued and outstanding common stock of GNE-India from GNE-Cyprus. This agreement calls for the Company to issue 18,000,000,000 shares of the Company's common stock. In the fall of 2010 the Company issued 2,447,994,016 of these shares with the remaining 15,552,005,984 shares to be issued once the Company increases its authorized from 4,500,000,000 to some amount above 21,000,000,000. The Company valued this transaction bay the shares to be issued priced at the average price per share of the shares issued in November 2009, $0.002659, as no other transactions in the Company's common stock occurred between these dates. This valued the transaction at $47,862,000,000. The Company has recorded goodwill in the amount of $47,830,000 as a result of this transaction.
 
In the first quarter of 2011, the Company issued 100,000,000 shares of the Company's common stock in exchange for the reduction of debt due to affiliates in the amount of $40,000, or $0.0004 per share.



SHARE STRUCTURE  per 10Q as of Mach 31, 2011

AS 4,500,000,000

OS 4,357,994,016

float NA
Latest Filings : http://www.sec.gov/Archives/edgar/data/943535/000107997411000402/0001079974-11-000402-index.htm