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Re: MattyTrader post# 295

Saturday, 10/14/2017 9:56:23 AM

Saturday, October 14, 2017 9:56:23 AM

Post# of 3220
Changed IBOX to reflect what OTC Markets has listed for JFIL.
I increased the OS per Quarterly by 435,000 but had to assume that
the 435,000 shares went to the float since the numbers would be off.
Could be Restricted etc. but kept it at a worst case scenario which at 2.2 million float is still insanely low.

Also added this from 8/31/17 Quarterly: NOTE 5 – CONVERTIBLE DEBT

On December 9, 2015, the Company issued convertible promissory notes totaling $60,000. At the time of issuance, the notes were evaluated and were determined to contain embedded conversion options that must be bifurcated and reported at fair value with original issue discounts. As a result, a derivative discount on convertible promissory notes was recorded. During the second quarter ended at August 31, 2017, the company paid off the remaining outstanding note balance in full with 140% interest. As a result, the convertible note balance net of discount amortization for the six months ended August 31, 2017 amounted is zero.