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Thursday, August 25, 2016 12:04:02 AM
This can go on forever, but in summary:
All the toxic notes have 4.99% limits. Doesn't stop any conversions as they short first and never hold any shares.
Look up the definition of "Gross Income" and realize that they are getting 20% of adjusted gross revenue (their definition) and 20% of gross income. Hopefully that isn't news to the company.
Liabilities are well over $2 million and as late as end of July, they were still issuing more toxic debt.
"On July 28, 2016, the Company received proceeds of $35,000 in exchange for an unsecured convertible promissory note, bearing interest at eight percent (8%) (“First EJR Note”), which matures on July 28, 2017. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to seventy eight percent (78%) of the average of the closing traded prices during the ten (10) trading days prior to the conversion request date (the “Variable Conversion Price”)."
All the toxic notes have 4.99% limits. Doesn't stop any conversions as they short first and never hold any shares.
Look up the definition of "Gross Income" and realize that they are getting 20% of adjusted gross revenue (their definition) and 20% of gross income. Hopefully that isn't news to the company.
Liabilities are well over $2 million and as late as end of July, they were still issuing more toxic debt.
"On July 28, 2016, the Company received proceeds of $35,000 in exchange for an unsecured convertible promissory note, bearing interest at eight percent (8%) (“First EJR Note”), which matures on July 28, 2017. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to seventy eight percent (78%) of the average of the closing traded prices during the ten (10) trading days prior to the conversion request date (the “Variable Conversion Price”)."
TA - Over $500 million in toxic funded pump and dumps exposed and growing every day!
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