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Re: l2 hunter post# 16708

Wednesday, 11/19/2014 12:28:41 PM

Wednesday, November 19, 2014 12:28:41 PM

Post# of 17454
"Very nice"? What's nice about it?

JRRD is a shell which means there's no business being run and no possibility of selling shares. We've seen that there's been no volume here so the O/S wasn't expected to have increased.

Btw, did you see this?

NOTE 4. REDEEMABLE SECURED NOTE PAYABLE DUE SHAREHOLDER

On February 20, 2014, the Company agreed to exchange advances due to a shareholder for a redeemable secured note payable for $68,000. The note bears interest at 20% per annum, and is secured by all the assets of the Company. The note was originally due August 1, 2014 and has been was extended to August 1, 2015. On February 20, 2014, the Company recognized a note discount of $68,000 related to a beneficial conversion feature which was amortized over the initial term of the note from February 20, 2014 to August 1, 2014. During the three months ended September 30, 2014, $13,093 of discount amortization is included in interest expense. At September 30, 2014, there was no unamortized balance of note discount. At June 30, 2014, the unamortized balance of the discount was $13,093.



The Company may prepay the note in readily available funds at any time prior to the maturity date. The Company has the right to redeem the note into shares of the Company’s common stock at any time prior to the maturity date at a fixed price of $0.0001 per common stock. At September 30, 2014, the face amount of the note plus accrued interest was $84,283 and is redeemable into 842,830,000 shares of common stock

IT IS WHAT IT IS.

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