Thursday, November 16, 2017 1:26:09 PM
Per Q3 look at what they just issued at the end of September a total of $92k in debt that would equate to about a Billion shares as of right now, add to that all the shares in exhibit A that will come off of restriction and there will be plenty of dilution for the foreseable future
) On September 30, 2017, the Company issued a convertible debenture to a non-related party in settlement of
services provided to the Company in the amount of $12,000.00. Under the terms of the debenture, the amount
owing is unsecured, bears interest at 12% per annum, and is due on March 31, 2018. Interest on overdue
principal after default accrues at an annual rate of 18%. The debenture is convertible into commons shares of
the Company at any time while the note is in effect at a conversion price equal to 50% of the lowest trading
price of the Company’s common shares for the past 15 trading days prior to notice of conversion. The balance
outstanding as at September 30, 2017 is $12,000.00.
(e) On September 30, 2017, the Company issued a convertible debenture to a non-related party in settlement of services
provided in the amount of $15,000.00. Under the terms of the debenture, the amount owing is unsecured, bears
interest at 12% per annum, and is due on March 31, 2017. Interest on overdue principal after default accrues at an
annual rate of 18%. The debenture is convertible into commons shares of the Company at any time while the note is
in effect at a conversion price equal to 50% of the lowest trading price of the Company’s common shares for the
past 15 trading days prior to notice of conversion. The balance outstanding as at September 30, 2017 is $15,000.00.
(f) On September 30, 2017, the Company issued a convertible debenture to a non-related party in settlement of
expenses paid on behalf of the Company in the amount of $10,175.00. Under the terms of the debenture, the
amount owing is unsecured, bears interest at 12% per annum, and is due on March 31, 2018. Interest on
overdue principal after default accrues at an annual rate of 18%. The debenture is convertible into commons
shares of the Company at any time while the note is in effect at a conversion price equal to 50% of the lowest
trading price of the Company’s common shares for the past 15 trading days prior to notice of conversion. The
balance outstanding as at September 30, 2017 is $10,175.00.
(g) On September 30, 2017, the Company issued a convertible debenture to a non-related party in settlement of
expenses paid on behalf of the Company in the amount of $25,233.70. Under the terms of the debenture, the
amount owing is unsecured, bears interest at 12% per annum, and is due on March 31, 2018. Interest on
overdue principal after default accrues at an annual rate of 18%. The debenture is convertible into commons
shares of the Company at any time while the note is in effect at a conversion price equal to 50% of the lowest
trading price of the Company’s common shares for the past 15 trading days prior to notice of conversion. The
balance outstanding as at September 30, 2017 is $25,233.70.
(h)
(i)
On September 30, 2017, the Company issued a convertible debenture to a non-related party in settlement of
services provided to the Company in the amount of $15,000.00. Under the terms of the debenture, the amount
owing is unsecured, bears interest at 12% per annum, and is due on March 31, 2018. Interest on overdue
principal after default accrues at an annual rate of 18%. The debenture is convertible into commons shares of
the Company at any time while the note is in effect at a conversion price equal to 50% of the lowest trading
price of the Company’s common shares for the past 15 trading days prior to notice of conversion. The balance
outstanding as at September 30, 2017 is $15,000.00.
On September 30, 2017, the Company issued a convertible debenture to a non-related party in settlement of
services provided to the Company in the amount of $15,015.38. Under the terms of the debenture, the amount
owing is unsecured, bears interest at 12% per annum, and is due on March 31, 2018. Interest on overdue
principal after default accrues at an annual rate of 18%. The debenture is convertible into commons shares of
the Company at any time while the note is in effect at a conversion price equal to 50% of the lowest trading
price of the Company’s common shares for the past 15 trading days prior to notice of conversion. The balance
outstanding as at September 30, 2017 is $15,015.38.
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM