BrewBilt Brewing Co (BRBL)

[Nistel]

Then please enlighten me what happened with the money below..
Especially the one in bold from Direct Capital (2013) as it compares with the latest note, unsecured AND convertible. Nothing different! That is, beside the interest rate that is now 8%/22% per annum instead of 6%/12% for the older note!

Notes payable Comprised as the following:

December 31, 2014 --- March 31, 2014

Asher Note #4 ........ 13,000 13,000
Asher Note #11 ............ - 400
Asher Note #13 ............ - 10,425
Asher Note #14 ............ - 32,500
Special Situations ... 21,491 21,491
Direct Capital #1 .... 70,671 70,671
Direct Capital #2 ... 384,000 384,000
Syndication Capital #1 5,000 5,000
Syndication Capital #2 14,072 14,072
Syndication Capital #3 11,000 11,000
Syndication Capital #4 11,000 11,000
Syndication Capital #5 11,000 11,000
Syndication Capital #6 16,000 16,000
Syndication Capital #7 16,000 16,000
Syndication Capital #8 16,000 16,000
Syndication Capital #9 16,000 16,000
Syndication Capital #10 16,000 16,000
Syndication Capital #11 16,000 16,000
Syndication Capital #12 48,000 -
Syndication Capital #13 48,000 -
Syndication Capital #14 48,000 -
Gel Properties #2 .......... - 22,190
Coventry Enterprises #2 20,000 40,243
LG Capital Funding .... 29,000 29,000
New Venture Attorneys . 50,000 -
.................. $ 880,234 $ 771,993

Direct Capital Note #2

On October 1, 2013 the Company entered into a Convertible Promissory Note with Direct Capital, Inc. in the sum of $384,000. The promissory note is unsecured, bears interest at 6% per annum, and matures on April 1, 2014. Any principal amount not paid by the maturity date shall bear interest at the rate of 12% per annum. During the nine month periods ended December 31, 2014 and 2013, the Company accrued $34,718 and $0 respectively in interest expense.

The note may be converted at the option of the holder into common stock of the Company. The conversion price is 70% of the market price, where market price is defined as “the average of the lowest three of the last ten closing trading prices on the OTCBB immediately prior to conversion date. ”

I am curious!