Resonate Blends Inc (KOAN)

[mdimport]

$TXHD toxic diluters converting at $0.0005

$0.0009 x 55% discount = $0.0005

Toxic note holders can, and will, take profits all day long by bid whacking.

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"...On July 18, 2016, we entered a convertible promissory note pursuant to which we borrowed $237,750 including a debt discount of $20,000. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on April 18, 2017. The note is convertible at any date after the issuance date at noteholders option into shares of our common stock at a variable conversion price of 55% of the lowest day market price of our common stock during the previous 25 days immediately preceding the conversion date. The Company recorded a debt discount in the amount of $237,750 in connection with the initial valuation of the derivative liability of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. Further, the Company recognized a derivative liability of $1,080,870 and an initial loss of $843,120 based on the Black Scholes Merton pricing model. ..."

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11691130