Hangover Joe's Holding Corp. (fka HJOE)

[flaflyersfan]

Investorhm, raising all that money resulted in less than $3K in cash remaining, negative sales for the 4th Quarter 2013 and another $2 mil+ loss for the year; It is not an agenda to discuss the facts signed under Sarbanes-Oxley. I tend to believe that over any garbage posted on Twitter or Facebook. If HJOE went from $0 sales and $0 inventory and started selling or producing anything in Jan/ Feb/ Mar/ Apr they could have reported that in the SUBSEQUENT EVENTS section of the 10-K. Instead this is what HJOE reported;

NOTE 9 – SUBSEQUENT EVENTS
On January 14, 2014, the Company entered into a
Securities Purchase Agreement with Asher
Enterprises, Inc. ("Asher"), for the sale of an 8%
convertible note in the principal amount of $58,000
(the "Asher Note"). The financing closed on January
14, 2014. The Note bears interest at the rate of 8%
per annum. All interest and principal must be repaid
on October 9, 2014. The Note is convertible into
common stock, at Asher’s option, at a 45% discount
to the average of the three lowest closing bid prices
of the Company’s common stock during the 10
trading day period prior to conversion.
The Asher Note is subject to prepayment penalties
up to a 140% multiple of the principal, interest and
other amounts owing, as defined. Asher has agreed
to restrict its ability to convert the Note and receive
shares of common stock such that the number of
shares of common stock held by them in the
aggregate and their affiliates after such conversion or
exercise does not exceed 9.99% of the then issued
and outstanding shares of common stock. The total
net proceeds the Company received from this
Offering was $58,000, less financing costs of $3,000.
On April 15, 2014, the Company received a notice of
default demanding immediate payment of a sum
representing 150% of the outstanding principal plus
default interest.
On March 19, 2014, the Company entered into a
Securities Purchase Agreement with LG Capital
Funding, LLC ("LG"), for the sale of an 8% convertible
redeemable note in the principal amount of $26,500
(the "LG Note"). This financing closed on March 19,
2014.
The LG Note bears interest at the rate of 8% per
annum. All interest and principal must be repaid on
March 19, 2015. The LG Note is convertible into
common stock, at LG’s option, at a 45% discount to
the average of the three lowest closing prices of the
common stock during the 20 trading day period prior
to conversion. The LG Note is subject to prepayment
penalties up to a 150% multiple of the principal,
interest and other amounts owing, as defined. After
the expiration of 180 days following the date of the
LG Note, the Company has no right of prepayment.
On March 24, 2014, the Company entered into a
Securities Purchase Agreement with Adar Bays LLC
(“Adar Bays”), for the sale of two convertible notes in
the aggregate principal amount of $53,000 (with the
first notes being in the amount of $26,500 and the
second note being in the amount of $25,000). The
Company received proceeds of $25,000 (net of
financing costs) in exchange for an 8% convertible
promissory note due on March 24, 2015. This note is
convertible into common stock, at the holder’s
option, at any time after 180 days at ta 55% discount
to the lowest closing bid price of the Company’s
common stock during the 20 day trading period prior
to conversion, as defined.

Nothing trumps HJOE selling stock at a 45%-55% discount to market. Good luck.