Good Vibrations Shoes Inc (GVSI)

[samsamsamiam]

Ray Barton notes:

NOTE 7 - CONVERTIBLE PROMISSORY NOTES
The company currently has approximately $309,940 in convertible notes currently in default. These notes consist of several individual notes created from January 2011 to the present in order to obtain funds for operations and the administration of the various acquisitions that have taken place over the period. The majority of the notes were instantly in default, and convertible into common shares of the issuer. Owners of the outstanding notes include but are not limited to Eastlight Enterprises, Inc., Globe Idol Capital, Inc., Peachtree Capital, LLC,[/b] and several others. It is the company’s intention to pay back these defaulted loans in cash whenever possible. Although, lenders can request conversion of the notes anytime after default, they are restricted to converting less than 9.99% of the number outstanding shares at any given time to avoid unnecessary dilution.


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Didn't Paul already admit Ray Barton was an ADVISOR here?