Embarr Downs, Inc. (EMBR)

[surfkast]

June 1, the market will be flooded with shares. JMHO

Item 8.01 Other Events.




(1)

On December 23, 2014, the Company issued 2,769,565 shares of Common stock at an applicable conversion price of $0.0023. KBM Worldwide converted $6,370 of its note convertible in the amount of $53,000. The agreement with KBM Worldwide allows them to convert their debt after six (6) months at a conversion price equal to the average of the three (3) lowest closing bid prices ten (10) trading days prior to the conversion date. This draw is against the note dated April 14, 2014 in the amount of $53,000. There is $28,475 remaining on the note.





(2)

On December 29, 2014, The Company issued 2,769,565 shares of Common stock at an applicable conversion price of $0.0023. KBM Worldwide converted $6,690 of its note convertible in the amount of $53,000. The agreement with KBM Worldwide allows them to convert their debt after six (6) months at a conversion price equal to the average of the three (3) lowest closing bid prices ten (10) trading days prior to the conversion date. This draw is against the note dated April 14, 2014 in the amount of $53,000. There is $21,475 remaining on the note.

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