InvestorsHub Logo
Followers 14
Posts 2487
Boards Moderated 0
Alias Born 09/26/2013

Re: None

Friday, 10/04/2013 3:15:35 PM

Friday, October 04, 2013 3:15:35 PM

Post# of 289419
If things are going so well, then why is BBDA paying millions of shares to toxic debt financiers? Go look up JSJ Investments agrements with Camelot Entertainment Group (who recently had their shares revoked by the SEC) and Ingen Tech. Both agreements included provisions allowing JSJ to convert the debt into shares at a 50% discount to market price. Does anybody doubt that BBDA has a similar deal? Assuming they do, then why hasn't it been disclosed to in the financials?

Same with Elray Resoruces:

On January 19, 2012, the Company entered into an agreement with JSJ Investment, Inc. (“JSJ”) in which JSJ agreed to loan the Company
$25,000 (the “Second JSJ note”). The note is for one year and bears interest at a rate of 10% per annum. From July 19, 2012 to July 19, 2013, the
note holder has the option to convert the note to common shares in the Company at a discount of 50% of the average of the preceding seven days
closing price. On May 28, 2013, JSJ converted this note into 327,120 shares of common stock.


http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9456455

Hey, at least it was 65% for these guys:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9468297