Let's talk about Ryan Schadel’s "hogwash" and miserable tactics.
***All notes maturing by November straight from the last Q. Many are late and Schadel now has to regularly report in the financials whether or not the note holders are opting for defaulting the loans:
LG Capital Funding LLC: At June 26, 2015, the Note is recorded at a fully accreted value of $194,435 less unamortized debt discount of $65,748.
Tailwind Partners LLC: At June 26, 2015, the Note is recorded at a fully accreted value of $197,501 less unamortized debt discount of $20,185
KBM Worldwide Inc: At June 26, 2015, the Note is recorded at a fully accreted value of $43,033 less unamortized debt discount of $1,811.
Carebourn Capital LP: At June 26, 2015, the Note is recorded at a fully accreted value of $227,556 less unamortized debt discount of $0.
Eastmore Capital LLC: At June 26, 2015, the Note is recorded at a fully accreted value of $198,005 less unamortized debt discount of $15,907.
Redwood Management LLC: At June 26, 2015, the Note is recorded at a fully accreted value of $157,859 less unamortized debt discount of $13,685.
Redwood Fund III LLC: At June 26, 2015, the Note is recorded at a fully accreted value of $479,743 less unamortized debt discount of $42,210.
Daniel James Management Inc: On June 1, 2015, the Company and the Holder entered into a new Convertible Note to settled $50,000 of principal. At June 26, 2015, the Note is recorded at a fully accreted value of $167,337 less unamortized debt discount of $6,696.
LG Capital Funding LLC: At June 26, 2015, the Note is recorded at a fully accreted value of $180,893 less unamortized debt discount of $2,896.
WHC Capital LLC: At June 26, 2015, the Note is recorded at a fully accreted value of $146,001 less unamortized debt discount of $2,249.
Firehole River Capital LLC: At June 26, 2015, the Note is recorded at a fully accreted value of $105,891 less unamortized debt discount of $0.
Iconic Holding LLC: At June 26, 2015, the Note is recorded at a fully accreted value of $122,628 less unamortized debt discount of $2,017.
Macallan Partners LLC: At June 26, 2015, the Note is recorded at a fully accreted value of $129,310 less unamortized debt discount of $0.
Tonaquint Inc: At June 26, 2015, the Note is recorded at a fully accreted value of $368,754 less unamortized debt discount of $0.
Tailwind Partners LLC: At June 26, 2015, the Note is recorded at a fully accreted value of $106,135 less unamortized debt discount of $0.
JSJ Investment Inc.: At June 26, 2015, the Note is recorded at a fully accreted value of $34,623 less unamortized debt discount of $0.
Group 10 Holdings: At June 26, 2015, the Note is recorded at a fully accreted value of $172,582 less unamortized debt discount of $0.
Firegole River Capital LLC (2): At June 26, 2015, the Note is recorded at a fully accreted value of $106,900 less unamortized debt discount of $0.
JMJ Financial: At June 26, 2015, the second tranche of the Note is recorded at a fully accreted value of $90,538 less unamortized debt discount of $5,565.
Tailwind Partners III LLC: At June 26, 2015, the Note is recorded at a fully accreted value of $48,317 less unamortized debt discount of $0.
Gemini Master Fund Ltd: At June 26, 2015, the Note is recorded at a fully accreted value of $277,815 less unamortized debt discount of $0.
Tonaquint Inc (2): At June 26, 2015, the Note is recorded at a fully accreted value of $3,969 less unamortized debt discount of $0.
$3.6 million in notes converting at 60% market value of the pps equals $5 million worth of notes which means 50 BILLION shares and that's IF....IIIIIFFF the pps is .0001, but we have seen over and over that it doesn't hold and notes convert as low as .000053.
THEN there's $2.6 million in payroll tax liability.
AND millions of dollars in negative equity
AND a 33% reduction in branches.
AND revenue that isn't even matching YOY despite double the branches at the beginning of the year.
AND $2 million in losses this year so far.
Let's see: 50 billion shares in toxic debt vs. 20 billion AS
Yeah, shareholders should be scared and it's got NOTHING to do with me. lol
RS / BK on the way.
AI
