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8K and 8K/A filed today, another $145k in

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Big Brother Member Level  Thursday, 01/05/17 07:44:39 AM
Re: None
Post # of 108 
8K and 8K/A filed today, another $145k in convertible notes issued. It looks like all convertible notes ($685k+ interest) now convert @ .11 cents per share.

So potentially over 6M shares could be converted on a thinly traded stock.....

Quote:
From November 18, 2016 to December 3, 2016, NuLife Sciences, Inc. (the “Company”) entered into those certain Note Purchase Agreements (collectively, the “Purchase Agreements”) in connection with the issuance of certain convertible promissory notes (collectively, the “Purchase Notes”) in the aggregate principal amount of $540,000. All of the Purchase Notes are due upon demand, provided however, that the holder thereof can’t make demand until after Ninety (90) days from the date of issuance (the “Maturity Date”). The Purchase Notes bear interest at the rate of 8% compounded monthly. The Purchase Notes, together with all interest as accrued, are each convertible into shares of the Company’s common stock at a conversion price of Eleven cents ($0.11) per share. The Purchase Agreements and the Purchase Notes contain representations, warranties, conditions, restrictions, and covenants of the Company that are customary in such transactions with smaller companies. Copies of the Purchase Agreements and Purchase Notes are included as an Exhibit hereto.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11767066

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11767070


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