Global Digital Solutions Inc (GDSI)

[srm4u]

srm4u Sunday, 10/25/15 01:16:28 PM
Re: None
Post # of 10172

all notes are now being converted.....just 1 for example

LG Capital Funding, LLC

On January 16, 2015, we entered into a Securities Purchase Agreement with LG Capital Funding, LLC (“LG Capital”) providing for the purchase of a Convertible Redeemable Note (“LG Note”) in the aggregate principal amount of $78,750. The LG Note was funded on January 20, 2015, and we received $67,500 of net proceeds (net of $3,750 legal fees and $7,500 finders fees). The LG Note bears interest at the rate of 8% per annum; is due and payable on January 16, 2016; is subject to prepayment penalties up to a 145% 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; and the note may be converted by LG Capital at any time after 180 days of the date of closing into shares of our common stock at a conversion price equal to a 40% discount of the lowest closing bid price for 20 prior trading days including the notice of conversion date. The LG Note also contains certain representations, warranties, covenants and events of default, and increases in the amount of the principal and interest rate under the Note in the event of such defaults.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117947365

based on SCHEDULE 13G O/S as of 10/1/15.....280m shares
http://ih.advfn.com/p.php?pid=nmona&article=68799635

GDSI is a accelerated filer
http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001011662&owner=exclude&action=getcompany&Find=Search