FLASR Inc. (fka FLSR)

[AliAngel]

New Trader, Northridge actually loaned them 52 grand and issued them an option to convert hat is owed in stock to be liquidated at Northridge choosing after the normal six months wait on OTC registrations.

Flasr did not repay as they very seldom ever do and they elected to sell the shares.
The 200 million shares were not enough to settle the debt so they are still owed a remainder of debt to be converted at the later date. It looks like today was the later date.

The convertible notes are set at a 60 to 65% discount of the daily trading range for the last ten days of trading.
This would be an average of .0001 and paid at .000065 toward the debt.
I expect the remainder of the debt to be around 21,000.00 and that they were issued 400,000,000 million more shares and this should have paid off the note totally.

The one fly in the room is, whether they owe any more convertible debt notes and how much.

The research is what you need to make money in the penny stocks and here are a couple of links to help you.

Explore these links and especially the quarterly reports. Look at the stock they have out and verify that against the OTC main page and the Nevada business entity site.
Even if you do not invest today if you learn the research of what you like to find will make you a better-researched trader.
good luck

https://www.otcmarkets.com/stock/FLSR/news

http://nvsos.gov/SOSEntitySearch/corpsearch.aspx?st=c&ss=Oncologix+Tech%2c+Inc.