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n May 12, 2016, the Company converted $2,000 of principal into 8,163,265 shares of common stock. The determined fair value of the debt derivatives of $6,163 was reclassified into equity during the period ended June 30, 2016. As of June 30, 2016, the outstanding loan balance on this including forbearance liability was $318,057.
The charge of the amortization of debt discounts and costs for the three months ended June 30, 2016 and 2015 was $0 and $27,362, respectively, and was accounted for as interest expense.
The charge of the amortization of debt discounts and costs for the six months ended June 30, 2016 and 2015 was $0 and $82,269, respectively, and was accounted for as interest expense. The remaining balance for the six months ended June 30, 2016 is $318,057.
Apollo Capital Corp- Convertible loan summary:
For the six months ended June 30, 2016, the Company converted $202,515 of principal into 551,892,855 shares of common stock, the related derivative liability of notes.
As of June 30, 2016 and December 31, 2015 the remaining balance due to Apollo Capital Corp is $383,330 and $0, respectively.
7. GE Park, LLC
On January 10, 2016, the terms a GE Park demand note totaling $50,000 and $4,000 of accrued interest was modified into convertible note (See Note 10). This note became convertible at 70% of the lowest traded price utilizing a 10-day look-back period. The determined fair value of the debt derivatives of $53,398 was charged as a loss on debt modification for the six months ended June 30, 2016. The note was fully converted into 77,142,856 shares valued at $54,000 during the six months ended June 30, 2016. The remaining balance for the six months ended June 30, 2016 is $0.
8. Apollo Management Group, LLC
On April 18, 2016, the Company issued to Apollo Capital Group, LLC (“Apollo Capital”) a Convertible Promissory Note (the “Note”) in the original principal amount of $220,000 (the “Purchase Price”) which Note bears interest at 12% per annum and is compounded daily. The Company sold the Note to Apollo Capital for $200,000 with $20,000 retained by Apollo Capital as an original issuance discount for due diligence and legal expenses related to the transaction. The principal amount and accrued interest under the Note is convertible into the Company’s common stock, $0.001 par value (the “Common Stock”), at Apollo Capital’s option, at any time beginning 180 days after the date of issuance at a 50% discount of by the lowest trading price for the Company’s common stock during the 20 trading day period prior to conversion (the “Conversion Price”). All outstanding principal and accrued interest on the Note is due and payable on the maturity date, which date is October 17, 2016 (the “Maturity Date”). The conversion price is subject to adjustment in the event the Company sells or grants any option to purchase or sells or grants any right to reprice, or otherwise disposes of or issues (or announces any sale, grant or any option to purchase or other disposition), any common stock or common stock equivalents entitling any person to acquire shares of Common Stock at an effective price per share that is lower than the conversion price in effect on the date of such issuance. In addition, the Conversion Price is subject to proportional adjustment in the event of stock splits, stock dividends and similar corporate events.
The principal balance of the Note may be prepaid at any time after 10 days’ prior written notice by the Company to Apollo Capital by paying Apollo Capital an amount equal to the Prepayment Percentage (as hereinafter defined) multiplied by the sum of the principal amount due, accrued interest and any other amounts due under the Note. The Prepayment Percentage is (i) 150% during the period beginning on the date the Note is issued and ending 90 days thereafter or (ii) 200% during the period beginning 91 days after the Note is issued and ending 180 days thereafter. After the expiration of the 180 days after the date the Note issued, the Company has no right of prepayment.
F- 34
SEANIEMAC INTERNATIONAL, LTD. AND SUBSIDIARIES
the only thing that can save bets stop taking toxic debt,,,no loc bets will never recover...r/s
if they told they would reveal the answer to your question,,,and they will never answer that
barry's 75 or older i would say he know what to do to make jack,,,but shane is just a stoole pigeon for barry,,
on 3 mill on the ask then .0006
apollo the toxic lender is making a killing on bets
its a different co
bets should move when loc comes they better have one
maybe bets did not pay to get the casino up and running
i click on demo and could not get i to work ,,screen popped up said sorry does not work has to shut down
wait till oct 27 2016 bets will have to pay apollo billions of shares for the loan
bets has 30 days left or they will be max out 4 bill shares,,,now u know why the mm's are letting people one tick it at time then back a tick until oct 27 then bets shares in big trouble,,,could see .0001 this time
bets share count is growing faster on every loan these guys take on if no loc the bets is already maxed out 4 bill shares they will r/s everyone,,they better up the loc soon in 8k
oct 27 2016 bets will owe apollo 2 bill shares for the loan of 200 thousand dollars,,,so if bets does not pay apoll by oct 25 2016 in full they will be maxed ot of the 4 billions shares on 1 loan,,,apollo is a death sentence to bets,,, time will tell tick tock...
the 2nd 8k needs to be the loc
the first 8k will be they now have 2 bill more shares to play with,,
the new platform is a game changer then they will get another 2 billion shares to dump first then they will run there mouths ,,,loc maybe they better have one..lol
shane say we only need 850 mill shares...lol then sells another 1.2 bill lol
atleast bets has to wait to sell again maybe they will give out iou for money
i will wait till 2050 to sell...lol
if you stack the stock it would reach the moon and back to earth 1 time..but bets needs to reload and ask for the second trip to the moon and back ...as bets said back by usa stockholders,,lol
its like it first come public just 2 bill shares later
bets has changed for the good a fast move up
4,251,860 1,535,119
seaniemac.com site looks hot..very well done we should move up fast
do not to forget to sell..lol
apollo got shares for ..00014
what did we close AT........
wrench the site looks hot a bigger winner
the new site is great and looks hot,,lol
987,595 down 308,624 lowest was 350,000
9 23 16
apollobet.com
alexa 4,232,087 down 1,595,179 lowest was 400 thousand 9 23 16
seaniemac.com
that sounds good ,,,something like that
the real news is coming and thats about time
the only people selling 4 is apollo or anybody got shares for consulting fees,,,that it mm trading back and forth,,,
just keep waiting
the margins on apollobet is bad they will never make it..they need to move and they will not today but next year
seaniemac.com will be open friday,,,,sept 23 2016
its just imho thats all
the reason they bought apollo is to have a website up and running while they build there new site the margins was a lost cause with doyle whit label,,, now the new website will be up they will move everybody to seaniemac from apollobet the leave doyle for good..then apollobet can build there site abd now u have it ...