Glucose Health Inc. (GLUC)

[BlueChip$]

Valid point considering past dilution and R/S here under previous management,... I will also say, that for any entity to give a loan to a start up company with no current value other than stock; these kinds of deals are made in order to secure the loan. Hopefully, the company starts generating enough revenue to not be dependent on these types of terms..It is quite impressive that they have generated 300k this quarter compared to 500.00 dollars in sales with no significant marketing yet.

From the 10q... (Partial debt conversion/ loan term info posted. Read the 10q for yourself to get the full scope )
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11559009

During the six months ended June 30, 2016 the Company issued a total of 301,344 shares of its common stock as follows:

During February 2016, the Company issued 90,094 shares of common stock to a corporation for conversion of $451 principal and accrued interest related to a Note. The shares were valued at $0.005 per share.

During May 2016, the Company issued 81,250 shares of common stock to a corporation for conversion of $650 accrued interest related to a Note. The shares were valued at $0.008 per share.

During May 2016, the Company issued 130,000 shares of common stock to a corporation for conversion of $845 of principal related to a Note. The shares were valued at $0.0065 per share.

On January 15, 2016, the Company issued a $10,500 convertible note to a corporation owned by the Company's CEO. The loan bears interest at 5% and has a maturity date of December 31, 2016. In addition, at any time, the holder may convert the note into shares of the Company's common stock at an exercise price of $0.025 per share.

On March 11, 2016, the Company issued a $35,000 note to a corporation owned by the Company's CEO. The loan bears interest at 24% per annum and has a maturity date of July 11, 2016.

On May 1, 2016, the Company issued a $35,000 note to a corporation owned by the Company's CEO. The loan bears interest at 24% and has a maturity date of September 1, 2016.

On May 18, 2016, the Company issued a $30,000 note to a corporation. The loan bears interest at 24% per annum and has a maturity date of July 18, 2016.

During the period ended June 30, 2016, the Company combined the principal balances on multiple notes from the two note holders into two single note agreements, one for $169,065 and the second for $112,157. These transactions were accounted for as a modification of debt, as the interest rate and conversion shares did not change from the original note agreements, therefore, no gain or loss was recognized