Alkaline Water Comp Inc (WTER)

[236T568]

So how bad are things over at scam company WTER?

so bad that on March 31, 2016 WTER had to issue $1.1 million worth of WTER stock in exchange for a Note of only $310,000 and 88,563 Warrants.

Wow, just wow!



(on March 31, 2016 the WTER stock price closed at $1.95/share)




http://ih.advfn.com/p.php?pid=nmona&article=71747345&symbol=WTER

As of March 31, 2016, we entered into a promissory note and warrant exchange agreement (the “March Exchange Agreement” ) with six holders of our promissory notes (each, a “Note” ) in the aggregate principal amount of $310,000 and warrants (each, a “March Warrant” ) to purchase an aggregate of 88,563 shares of our common stock, whereby we exchanged the holders’ Notes and March Warrants, for no additional consideration, for an aggregate of 551,246 shares of our common stock (the “March Exchange” ), and following the March Exchange, the Notes and March Warrants were automatically cancelled and terminated and the holders have no further rights pursuant to the Notes, March Warrants and any agreement or instrument pursuant to which such Notes or March Warrants were issued.

As of March 31, 2016, pursuant to the March Exchange Agreement, we issued an aggregate of 551,246 shares of our common stock upon exchange of the above mentioned Notes and March Warrants. In issuing these shares, we relied on an exemption from the registration requirements of the Securities Act of 1933 provided by Section 3(a)(9) and/or Section 4(a)(2) of the Securities Act of 1933.