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Friday, January 24, 2014 10:18:46 PM
What's done is done. Time to move forward.
I believe 155M shares was needed to meet these obligations
126M Shares have been used so far.
These are assumptions because I do not have the pertinent facts/details.
Maybe some of you are better at this.
I also believe ALL but 40M shares have been absorbed.
When this is done, then we move UP.
No more games just straight up buying but of course we are going to have some flippers and some groups trying to change trajectories to suite their needs. $$$$
IT ALSO APPEARS ALL DOLLARS WENT TO BUY PRODUCT AND GET IT INTO THE BOTTLES FOR SALE.
On each of February 1, 2013, July 1, 2013 and July 19, 2013, we entered into a Securities Purchase Agreement and Convertible Promissory Note with Braeden Storm Enterprises, Inc. for $56,00, $25,000 and $60,000 respectively. The February convertible note carried a 5% rate of interest and was convertible into common stock at a variable conversion price of 50% of the market price which shall be calculated as the lowest day during the preceding 5 days before conversion
On October 1, 2013, we repaid the remaining outstanding balance on the February convertible note. PAID IN FULL
The July 1st convertible note carries an 8% rate of interest and the Note is convertible into common stock at the lower of $0.001 or 50% of the market price which shall be calculated as the lowest day during the preceding 20 days before conversion. Due 4/15/2014
***The July 19th convertible note carries an 8% rate of interest and the Note is convertible into common stock at the lower of $0.0015 or 50% of the market price which shall be calculated as the lowest day during the preceding 20 days before conversion. Due 12/28/2013
On November 6, 2011, we entered into a Securities Purchase Agreement and Convertible Promissory Note between the Company and SE Media Partners, Inc. for $27,000. The convertible notes carry a 5% rate of interest and are convertible into common stock at a variable conversion price of 50% of the market price which shall be calculated as the lowest day during the preceding 5 days before conversion.
***The November Convertible Promissory Note was due on May 6, 2012 and has $11,646 in principal remaining.
***LOMA Convertible Promissory Note
52,000 7/30/2013 52,000 1/26/2014
8% interest rate converts at a variable conversion price of 45% of the market based on the lowest day during the preceding 20 days
LG Capital Convertible Promissory Note
75,000 7/31/2013 75,000 1/27/2014
6% interest rate converts at a variable conversion price of 50% of the market based on the lowest day during the preceding 10 days.
***-Means Converted or in process.
Page 22 of 10-K
http://www.sec.gov/Archives/edgar/data/1451514/000135448813007003/mine_10q.htm
Opinion is a judgment, viewpoint, or statement less than absolutely certain, and is the result of interpretation of facts.
Since this is my interpretation, I would suggest you do you own DD.
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