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LOOKS LIKE SCAMBAG CEO DID JUST ENOUGH TO GET CURRENT TO PUMP AND DUMP SHARES!! NOW HE WILL HIDE GO DARK AND RINSE AND REPEAT AGAIN.. NO 0.03 THIS TIME PU*NK CEO!
SCAMBAG CEO DID JUST ENOUGH TO GET CURRENT TO PUMP AND DUMP SHARES!! NOW HE WILL HIDE GO DARK AND RINSE AND REPEAT AGAIN.. NO 0.03 THIS TIME PU*NK CEO!
$HEME 1,399,600 SHARE DUMP AT .0017 AND 400 SHARE BUY AT .0022.. GET A LIFE BAGHOLDERS!!!! LOL!!! LOL!!! LOL!!! LOL!!! LMAO!!!
$HEME LET ME GUESS YOU JUST BROUGHT 400 SHARES FOR 88 CENTS??? BIG SPENDING BAGHOLDER!!
$HEME THOSE LITTLE 400 SHARE BUYS FOR 88 CENTS WILL NOT KEEP THIS JUNK AFLOAT..DESPREATE BAGHOLDERS!!
$VNUE NEWS OUT!!
VNUE, Inc CEO Provides Update to Shareholders
Press Release | 02/22/2019
NEW YORK, NY / ACCESSWIRE / February 19, 2019 / VNUE, Inc. (OTC PINK: VNUE) today announced that its Chairman and CEO has received their OTC PINK Welcome Letters after being kicked off trading on the OTCQB Tier for failing to achieve a share price above $0.01 USD and attempting to sell low resolution DVDs and a recent Bankruptcy entry with the courts.
About VNUE, Inc. (www.vnue.com)
VNUE, Inc., (OTC: VNUE) is dedicated to further issuing toxic notes.
SOURCE VNUE, Inc.
YEP NO MONEY FOR FILINGS!! MAYBE THEY SKIM A LITTLE OFF THE TOP AT THE NEXT PET FUND RAISER WITH THAT WASHED UP SINGER BLOB THOMAS!!
$VNUE FUNNY ALL DEBT AND NOTHING TO SHOW FOR IT!!
THEY EVEN DEFAULTED ON RECENT ACQUISITIONS!!
On October 16, 2017, the Company entered into an agreement with PledgeMusic, Inc. (the “Seller”), whereby the Company acquired the digital live music distribution platform “Set.fm” from PledgeMusic. The purchase price for the acquisition was comprised of $50,000 paid in cash, and a purchase liability of $300,000, for an aggregate purchase price of $350,000. The purchase liability is payable on the net revenues derived from VNUE’s live recording and content business and must be paid in full to the Seller
A YEAR LATER
-As of September 30, 2018, there was no net revenue derived from the acquired assets and accordingly, no payments were made on the earnout.
On April 23, 2018, the Company entered into an agreement with MusicPlay Analytics, LLC (d/b/a Soundstr) (“Soundstr”) whereby the Company acquired the assets of Soundstr, a technology that aims to help businesses pay fairer music license fees based on actual music usage. The Company purchased the assets of Soundstr by agreeing to issue 2,275,000 shares of the Company’s common stock, valued at $68,250, based on the closing market price of the Company’s stock on the date of the agreement, and the Company agreed to assume and pay $234,487 of identified Soundstr obligations within 60 days of April 23, 2018.
5 MONTHS LATER
-The assumed Soundstr obligations of $234,487 were outstanding as of September 30, 2018.
$VNUE WAIST MONEY ON PRs ABOUT FUND RAISING FOR PETS WITH WASHED UP SINGERS!!
$VNUE WHAT ARE YOU? A MUSIC ENTERTAINMENT COMPANY OR A PETS FUND RAISER$$
$VNUE IS FLAT BROKE WITH A DEADBEAT CEO HOW CAN ANYONE TRUST A COMPANY THAT DOESN'T PAY THEIR BILLS? IS YOUR MONEY IN GOOD HANDS? GOTTA ACCEPT RESPONSIBILITY AT SOME POINT!!
$VNUE ACQUISITION DEADBEATS
On October 16, 2017, the Company entered into an agreement with PledgeMusic, Inc. (the “Seller”), whereby the Company acquired the digital live music distribution platform “Set.fm” from PledgeMusic. The purchase price for the acquisition was comprised of $50,000 paid in cash, and a purchase liability of $300,000, for an aggregate purchase price of $350,000. The purchase liability is payable on the net revenues derived from VNUE’s live recording and content business and must be paid in full to the Seller
A YEAR LATER
-As of September 30, 2018, there was no net revenue derived from the acquired assets and accordingly, no payments were made on the earnout.
On April 23, 2018, the Company entered into an agreement with MusicPlay Analytics, LLC (d/b/a Soundstr) (“Soundstr”) whereby the Company acquired the assets of Soundstr, a technology that aims to help businesses pay fairer music license fees based on actual music usage. The Company purchased the assets of Soundstr by agreeing to issue 2,275,000 shares of the Company’s common stock, valued at $68,250, based on the closing market price of the Company’s stock on the date of the agreement, and the Company agreed to assume and pay $234,487 of identified Soundstr obligations within 60 days of April 23, 2018.
5 MONTHS LATER
-The assumed Soundstr obligations of $234,487 were outstanding as of September 30, 2018.
$INTV CEO ADDICTED TO SERIAL TOXIC NOTES!!
3. GOING CONCERN
The Company has reported recurring net losses since its inception and used net cash in operating activities of $355,680 in the six months ended December 31, 2018. As of December 31, 2018, the Company had an accumulated deficit of $12,641,382. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.
The Company has 40,000,000 shares of common stock authorized, with 9,874,103 and 8,964,103 shares issued and outstanding as of December 31, 2018 and June 30, 2018, respectively.
During the six months ended December 31, 2018, the Company issued a total of 910,000 shares of its common stock.
On August 14, 2018, 100,000 shares of common stock valued at $55,000, based on the closing market price of stock on the date of grant, were issued to a consultant.
On August 23, 2018, 560,000 shares of common stock were issued to a lender in the cashless exercise of warrants recorded at par value of $560. See Note 10.
On September 26, 2018, a total of 150,000 shares of common stock valued at $53,250, based on the closing market price of stock on the date of grant, were issued to two lenders as loan fees. See Note 8.
On October 5, 2018, 100,000 shares of common stock valued at $25,160, based on the closing market price of stock on the date of grant, were issued to a consultant.
During the six months ended December 31, 2017, the Company issued a total of 3,175,774 shares of its common stock.
A total of 2,640,017 shares of the Company’s common stock, valued at $149,049, were issued in conversion of $55,760 note principal, $2,715 accrued interest payable, $58,216 in derivative liabilities, $2,449 in fees and $29,909 in penalties.
On July 6, 2017, 188,240 shares of common stock were issued to a lender in the cashless exercise of warrants recorded at par value of $188.
On August 31, 2017, 347,222 shares of common stock valued at $15,625 were issued to Steve Rubakh for accrued compensation.
On September 30, 2017, the Company increased the number of outstanding common shares by 114 shares due to rounding of shares in the reverse stock split.
$INTV FINS!! INCOME FROM CONTINUING OPERATIONS (5,577)
Loss from operations (3,059,805 )
Weighted average number of common shares outstanding:
Diluted: 46,817,888
Bicoin?? WTF IS THAT!! Integrated Ventures Launches Nemesis - Its Own Brand of Bicoin Mining Equipment
FROGFACE INTV CEO GIVES INTV_SHAREHOLDERS_FALSE HOPE_ON_TWITTER_SHOWING PHOTOS OF ALL THE OBSOLETE TOASTERS!!!
GO INTV!!!
GO!! $INTV Second Hand Rigs Are Dumped as the Solo Mining Dream Dies
From Hot Property to Obsolete Hardware!!!
&INTV are Selling Old ASICs for Scrap Metal as Price Decline Hastens Obsolescence
$INTV BIG LOSSES TODAY!! OOPS SOMEBODY FORGOT TO POST TODAY AS USUAL!!
VERY NICE INTV 28% LOSS ON THIS LOW FLOAT JUNK STOCK!!!
GO INTV!!! LOSING MONEY 24/7 WITH MANY OBSOLETE MINING_RIGS!!!
CEP WE SERIOUSLY NEED TO TAKE THIS OVER FROM THE AMATEURS!!
LATE TOP OF THE MORNING TO YOU!!
$BOPO firing up!!
$BOPO is ready imo!!
$VNUE THATS ALOT OF RED CANDLES!! TOXIC NOTES GET'EM EVERYTIME!
Take a look at $HEME they need some help over there, amateurs dont know what to do with that SS. OS hasn't changed in weeks!! MODs abandoned the board fast for beer money!! Had potential!! Just needs the right people!!
SCAMBAG CEO DID JUST ENOUGH TO GET CURRENT TO PUMP AND DUMP SHARES!! NOW HE WILL HIDE GO DARK AND RINSE AND REPEAT AGAIN.. NO 0.03 THIS TIME PU*NK CEO!
NEWS FROM SCAMBAG CEO: We have arranged to purchase a total of 37 acres of land for new growing and processing facilities. The property has been approved to plant, grow, cultivate, and sell cannabis. The parcel is also approved for cannabis manufacturing activities including manufacturing CBD oils.
" We have arranged to purchase " WTF DOES THAT SUPPOSE TO MEAN? MAKES NO SENSE ONCE AGAIN $HEME CEO!! EITHER YOU BUYING IT OR YOU BOUGHT IT!! WHICH ONE IS IT?
bigger question? WHY NOBODY WANTS TO PAY OVER .0025??? WHEN THE ASK IS .0025 THE CEO TRIES TO UNDER CUT AT .0024 WITH A SMALL AMOUNT ON THE ASK!!! TOO MANY FLIPPERS AND A CROOKED CEO STILL IN BED WITH THE SMITH BROTHERS THE PHANTOM MOU PARTNERS, ST8 JUNK HERE!!! I BET IF SOMEONE PUT A HUGE AMOUNT OF .OO23s ON THE ASK THE CEO BUDDIES WILL PUT .0022s ON THE ASK AND SO OWN SO OWN SO OWN!!! UNTIL THE .001s BID BOTTOM FEEDERS. CEO IS CLUELESS ON HOW TO MOVE A STOCK AND SPENDS TO MUCH TIME ON IHUB!!!
$VNUE SELLING BAGS!!! HOLDEM IF YOU GOTTEM!! TIMBERRRRR!!
$VNUE PRODUCING FRIED BAGHOLDERS INSTEAD OF REVENUE!!!
$VNUE NEWS PUT!!
NEW YORK, Mar. 6, 2019 /PRNewswire/ -- VNUE, Inc., today announced they cant pay their current debts and have filed for protection under chapter 11 Bankruptcy code.
BAGHOLDERS REALLY FRIED NOW!!
$VNUE BAGHOLDER ALERT!!
$VNUE They seemed to building up a good DILUTION team!
$VNUE WE WIN!! MADE SO MUCH SHORTING THIS PIG!! KEEP IT COMMING BAGHOLDERS!!!
$VNUE REALLY THAT SHARE PRICE IS REALLY LOW!!! BAGHOLDERS INC $VNUE NEW NAME!!
DEADBEAT CEO IS ADDICTED TO TOXIC FUNDING AND ISSUING HIMSELF SHARES RS WAS ONLY 2YRS AGO and HAS MANY LAWSUITS PENDING. BK HERE AND PINKS COMING
OTCQB Companies must meet a minimum $0.01 bid price test and may not be in bankruptcy.
-Stout Law Group PA filed a complaint in the U.S. District Court for the District of Maryland Northern Division against VNUE Inc. alleging unjust enrichment and other counts.
The plaintiff alleges it is owed $100,842.76 for its services and that it also is owed $60,000 worth of VNUE common stock.
-Safris et al v. Vnue, Inc. et al
-Hughes Media Law Group, Inc. filed a lawsuit against VNUE, Inc. in the Superior Court of King County, Washington claims damages of $130,553 for unpaid legal fees
On October 19, 2018, the Company issued a convertible note to Power Up Lending Group Ltd. (the “Buyer”) in the principal amount of $35,000 with an interest rate of 12% per annum (22% on default) and a maturity date of October 18, 2019. The note is convertible into shares of common stock of the Company at a 38% discount of the two (2) lowest closing bid prices for the Company’s common stock during the prior fifteen (15) trading day period. The Buyer is limited to convert no more than 4.99%, at any one time, of the issued and outstanding common stock of the Company. The convertible note is subject to prepayment penalties. The Company instructed its transfer agent to reserve 38,602,941 shares of its common stock.
On October 18, 2018, the Company issued a convertible note to a private investor (the “Buyer”) in the principal amount of $50,000 with an interest rate of 10% per annum and a maturity date of March 19, 2020. The note is convertible into shares of common stock of the Company at 75% of the per share stock price in the equity funding, but in no event shall the conversion price be less than $0.035 per share. The convertible note is not subject to prepayment penalties.
On October 23, 2018, the Company issued a convertible note to LG Capital Funding, LLC (the “Buyer”) in the principal amount of $52,500 with an interest rate of 8% per annum (24% on default) and a maturity date of October 23, 2019. The note is convertible into shares of common stock of the Company at a 42% discount of the lowest trading price of the Company’s common stock for the twenty (20) prior trading days including the day upon which the notice of conversion is received by the Company. The Buyer is limited to convert no more than 4.90%, at any one time, of the issued and outstanding common stock of the Company. The convertible note is subject to prepayment penalties. The Company instructed its transfer agent to reserve 40,640,000 shares of its common stock.
Subsequent to September 30, 2018, the Company issued 2,000,000 shares of common stock, for consulting services, valued at $19,950, or $0.01 per share.
On October 23, 2018, Crossover Capital Fund II, LLC (see Note 6) elected to convert $10,130 of outstanding principal and $370 of outstanding accrued interest into 3,000,000 shares of the Company’s common at $0.0035 per share.
In August 2014 the Company issued a series of convertible notes with various interest rates ranging up to 10% per annum. The Note Conversion Price is determined as follows: (a) if the Note is converted upon the Next Equity Financing, an amount equal to 80% of the price paid per share paid by the investors in the Next Equity Financing; (b) if the Note is converted in the event of a Corporate Transaction, a price per share derived by dividing a “pre-money” valuation of $8,000,000 by the number of shares outstanding immediately prior to the time of such conversion, on a fully diluted basis; or (c) if the Note is converted as part of a Maturity Conversion, a price per unit derived by dividing a “pre-money” valuation of $8,000,000 by the total number of units (restricted and non-restricted) outstanding immediately prior to the time of such conversion, on a fully diluted basis. The notes are due and payable on demand at any time after the earlier of (i) 36 months following the note issuance or (ii) the consummation of a corporate transaction if not previously converted. The balance of the notes outstanding was $55,000 as of March 31, 2018 and December 31, 2017, of which $30,000 was due to related parties.
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(b) On May 9, 2016 the Company issued a convertible note to YLimit, LLC in the principal amount of $100,000 with interest at 10% per annum and due on May 9, 2018. The note is secured by the Company’s rights, titles and interests in all the Company’s tangible and intangible assets, including intellectual property and proprietary software whether existing now or created in the future. On August 25, 2017, the Note was amended to authorize total borrowings on this Note to $517,000, and as such an additional $217,000 was advanced to the Company with the terms remaining the same except that the conversion feature was modified to state that all borrowings under the note will be converted at 85% of the per share stock price in the equity funding, but in no event shall the conversion price be less than $0.035 per share. The balance of the notes outstanding was $517,000 as of December 31, 2017 and the balance of the debt discount was $137,358. During the three months ended March 31, 2018, the Company borrowed an additional $10,000. The balance of notes outstanding was $527,000 as of March 31, 2018 and the balance of the debt discount was $40,885 (see Note 10).
(c) On August 21, 2017, the Company issued a convertible note to Crossover Capital Fund II, LLC (the “Buyer”) in the principal amount of $61,000 with an interest rate of 8% per annum and a maturity date of August 21, 2018. The note included an original issue discount of $6,000. The note is convertible into shares of common stock of the Company at 50% of the lowest closing bid price in the 20 trading days prior to the day that the Buyer request. The balance of the note outstanding was $61,000 as of March 31, 2018 and December 31, 2017, respectively. The balance of the debt discount was $1,839 and $38,940 as of March 31, 2018 and December 31, 2017, respectively.
On March 2, 2018, the Company issued a second convertible note to Crossover Capital Fund II, LLC (the “Buyer”) in the principal amount of $38,500 with an interest rate of 10% per annum and a maturity date of December 2, 2018. The note included an original issue discount of $3,500. The note is convertible into shares of common stock of the Company at the lower of (i) $0.019 per share or, (ii) 50% of the lowest closing bid price in the 20 trading days prior to the day that the Buyer request. In the event of default, as defined in the note agreement, interest shall accrue at a default interest rate of 19% per annum or at the highest rate of interest permitted by law, whichever is less. If the Company loses the bid price for its stock in the market (including the OTC marketplace or other exchange) or the Company’s common stock is delisted from an exchange or if trading has been suspended for more than 10 consecutive days, the outstanding principal amounts would increase 20% or 50%, respectively. The Company is required to instruct its transfer agent to reserve 25,000,000 share of its common stock. The balance of the note outstanding, and the related debt discount was $38,500 and $34,440 as of March 31, 2018, respectively.
(d) From September 1, 2017 to December 31, 2017, the Company issued convertible notes to Golock Capital, LLC (“Lender”) in the aggregate principal amount of $191,750 with an interest rate at 10% per annum and maturity dates between June 1, 2018 and August 31, 2018. The notes are convertible into shares of the Company’s common stock at prices between $0.015 and $0.02 per share. As additional consideration for the Lender to enter into this agreement with the Company, the Company issued warrants to the Lender to acquire in the aggregate 4,804,708 shares of the Company’s common stock at a weighted average exercise price of $0.014 per share. In addition, the Lender shall have the first right of refusal as to any future funding of Borrower in that Lender shall have the right to provide all or a portion of the funding upon the same terms as those offered in writing by any third party or contained in any private placement of borrower. The Lender, upon conversion, shall have piggy back registration rights for all of its common stock shares in any registration or post-effective amendment to any registration initiated by Borrower with the Securities and Exchange Commission. The balance of the notes outstanding was $191,750 as of March 31, 2018 and December 31, 2017. The balance of the debt discount was $5,365 and $19,652 as of March 31, 2018 and December 31, 2017, respectively.
On February 2, 2018, the Company issued a convertible note to Golock Capital, LLC (“Lender”) in the principal amount of $40,000 with an interest rate at 10% per annum and a maturity date of November 2, 2018. The note included an original issue discount of $5,000. The note is convertible into shares of the Company’s common stock at $0.015 per share. As additional consideration for the Lender to enter into this agreement with the Company, the Company issued warrants to the Lender to acquire in the aggregate 2,500,000 shares of the Company’s common stock at an exercise price of $0.015 per share (see Note 9). In addition, the Lender shall have the first right of refusal as to any future funding of Borrower in that Lender shall have the right to provide all or a portion of the funding upon the same terms as those offered in writing by any third party or contained in any private placement of borrower. The Lender, upon conversion, shall have piggy back registration rights for all of its common stock shares in any registration or post-effective amendment to any registration initiated by Borrower with the Securities and Exchange Commission. The balance of the note outstanding, and the related debt discount was $40,000 and $31,648 as of March 31, 2018, respectively.
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(e) On December 20, 2017, the Company issued a convertible note to DBW Investments, LLC (“Lender”) in the principal amount of $21,000 with an interest rate of 10% per annum and a maturity date of September 20, 2018. The note included an original issue discount of $1,000. The note is convertible into shares of the Company’s common stock at $0.015 per share. As additional consideration for the Lender to enter into this agreement with the Company, the Company issued a warrant to the Lender for 200,000 shares of the Company’s common stock at an exercise price of $0.01 per share. The balance of the note outstanding was $21,000 as of March 31, 2018 and December 31, 2017. The balance of the debt discount was $1,309 and $2,073 as of March 31, 2018 and December 31, 2017, respectively.
On January 18, 2018, the Company issued a second convertible note to DBW Investments, LLC (“Lender”) in the principal amount of $35,000, which included an original issue discount of $5,000, with an interest rate at 10% per annum and a maturity date of October 18, 2018. The note is convertible into shares of the Company’s common stock at $0.015 per share. As additional consideration for the Lender to enter into this agreement with the Company, the Company issued warrants to the Lender to acquire in the aggregate 2,500,000 shares of the Company’s common stock at an exercise price of $0.015 per share. The balance of the note outstanding, and the related debt discount was $35,000 and $7,633 as of March 31, 2018, respectively.
DEADBEAT CEO IS ADDICTED TO TOXIC FUNDING AND ISSUING HIMSELF SHARES RS WAS ONLY 2YRS AGO and HAS MANY LAWSUITS PENDING. BK HERE AND PINKS COMING
OTCQB Companies must meet a minimum $0.01 bid price test and may not be in bankruptcy.
-Stout Law Group PA filed a complaint in the U.S. District Court for the District of Maryland Northern Division against VNUE Inc. alleging unjust enrichment and other counts.
The plaintiff alleges it is owed $100,842.76 for its services and that it also is owed $60,000 worth of VNUE common stock.
-Safris et al v. Vnue, Inc. et al
-Hughes Media Law Group, Inc. filed a lawsuit against VNUE, Inc. in the Superior Court of King County, Washington claims damages of $130,553 for unpaid legal fees
On October 19, 2018, the Company issued a convertible note to Power Up Lending Group Ltd. (the “Buyer”) in the principal amount of $35,000 with an interest rate of 12% per annum (22% on default) and a maturity date of October 18, 2019. The note is convertible into shares of common stock of the Company at a 38% discount of the two (2) lowest closing bid prices for the Company’s common stock during the prior fifteen (15) trading day period. The Buyer is limited to convert no more than 4.99%, at any one time, of the issued and outstanding common stock of the Company. The convertible note is subject to prepayment penalties. The Company instructed its transfer agent to reserve 38,602,941 shares of its common stock.
On October 18, 2018, the Company issued a convertible note to a private investor (the “Buyer”) in the principal amount of $50,000 with an interest rate of 10% per annum and a maturity date of March 19, 2020. The note is convertible into shares of common stock of the Company at 75% of the per share stock price in the equity funding, but in no event shall the conversion price be less than $0.035 per share. The convertible note is not subject to prepayment penalties.
On October 23, 2018, the Company issued a convertible note to LG Capital Funding, LLC (the “Buyer”) in the principal amount of $52,500 with an interest rate of 8% per annum (24% on default) and a maturity date of October 23, 2019. The note is convertible into shares of common stock of the Company at a 42% discount of the lowest trading price of the Company’s common stock for the twenty (20) prior trading days including the day upon which the notice of conversion is received by the Company. The Buyer is limited to convert no more than 4.90%, at any one time, of the issued and outstanding common stock of the Company. The convertible note is subject to prepayment penalties. The Company instructed its transfer agent to reserve 40,640,000 shares of its common stock.
Subsequent to September 30, 2018, the Company issued 2,000,000 shares of common stock, for consulting services, valued at $19,950, or $0.01 per share.
On October 23, 2018, Crossover Capital Fund II, LLC (see Note 6) elected to convert $10,130 of outstanding principal and $370 of outstanding accrued interest into 3,000,000 shares of the Company’s common at $0.0035 per share.
In August 2014 the Company issued a series of convertible notes with various interest rates ranging up to 10% per annum. The Note Conversion Price is determined as follows: (a) if the Note is converted upon the Next Equity Financing, an amount equal to 80% of the price paid per share paid by the investors in the Next Equity Financing; (b) if the Note is converted in the event of a Corporate Transaction, a price per share derived by dividing a “pre-money” valuation of $8,000,000 by the number of shares outstanding immediately prior to the time of such conversion, on a fully diluted basis; or (c) if the Note is converted as part of a Maturity Conversion, a price per unit derived by dividing a “pre-money” valuation of $8,000,000 by the total number of units (restricted and non-restricted) outstanding immediately prior to the time of such conversion, on a fully diluted basis. The notes are due and payable on demand at any time after the earlier of (i) 36 months following the note issuance or (ii) the consummation of a corporate transaction if not previously converted. The balance of the notes outstanding was $55,000 as of March 31, 2018 and December 31, 2017, of which $30,000 was due to related parties.
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(b) On May 9, 2016 the Company issued a convertible note to YLimit, LLC in the principal amount of $100,000 with interest at 10% per annum and due on May 9, 2018. The note is secured by the Company’s rights, titles and interests in all the Company’s tangible and intangible assets, including intellectual property and proprietary software whether existing now or created in the future. On August 25, 2017, the Note was amended to authorize total borrowings on this Note to $517,000, and as such an additional $217,000 was advanced to the Company with the terms remaining the same except that the conversion feature was modified to state that all borrowings under the note will be converted at 85% of the per share stock price in the equity funding, but in no event shall the conversion price be less than $0.035 per share. The balance of the notes outstanding was $517,000 as of December 31, 2017 and the balance of the debt discount was $137,358. During the three months ended March 31, 2018, the Company borrowed an additional $10,000. The balance of notes outstanding was $527,000 as of March 31, 2018 and the balance of the debt discount was $40,885 (see Note 10).
(c) On August 21, 2017, the Company issued a convertible note to Crossover Capital Fund II, LLC (the “Buyer”) in the principal amount of $61,000 with an interest rate of 8% per annum and a maturity date of August 21, 2018. The note included an original issue discount of $6,000. The note is convertible into shares of common stock of the Company at 50% of the lowest closing bid price in the 20 trading days prior to the day that the Buyer request. The balance of the note outstanding was $61,000 as of March 31, 2018 and December 31, 2017, respectively. The balance of the debt discount was $1,839 and $38,940 as of March 31, 2018 and December 31, 2017, respectively.
On March 2, 2018, the Company issued a second convertible note to Crossover Capital Fund II, LLC (the “Buyer”) in the principal amount of $38,500 with an interest rate of 10% per annum and a maturity date of December 2, 2018. The note included an original issue discount of $3,500. The note is convertible into shares of common stock of the Company at the lower of (i) $0.019 per share or, (ii) 50% of the lowest closing bid price in the 20 trading days prior to the day that the Buyer request. In the event of default, as defined in the note agreement, interest shall accrue at a default interest rate of 19% per annum or at the highest rate of interest permitted by law, whichever is less. If the Company loses the bid price for its stock in the market (including the OTC marketplace or other exchange) or the Company’s common stock is delisted from an exchange or if trading has been suspended for more than 10 consecutive days, the outstanding principal amounts would increase 20% or 50%, respectively. The Company is required to instruct its transfer agent to reserve 25,000,000 share of its common stock. The balance of the note outstanding, and the related debt discount was $38,500 and $34,440 as of March 31, 2018, respectively.
(d) From September 1, 2017 to December 31, 2017, the Company issued convertible notes to Golock Capital, LLC (“Lender”) in the aggregate principal amount of $191,750 with an interest rate at 10% per annum and maturity dates between June 1, 2018 and August 31, 2018. The notes are convertible into shares of the Company’s common stock at prices between $0.015 and $0.02 per share. As additional consideration for the Lender to enter into this agreement with the Company, the Company issued warrants to the Lender to acquire in the aggregate 4,804,708 shares of the Company’s common stock at a weighted average exercise price of $0.014 per share. In addition, the Lender shall have the first right of refusal as to any future funding of Borrower in that Lender shall have the right to provide all or a portion of the funding upon the same terms as those offered in writing by any third party or contained in any private placement of borrower. The Lender, upon conversion, shall have piggy back registration rights for all of its common stock shares in any registration or post-effective amendment to any registration initiated by Borrower with the Securities and Exchange Commission. The balance of the notes outstanding was $191,750 as of March 31, 2018 and December 31, 2017. The balance of the debt discount was $5,365 and $19,652 as of March 31, 2018 and December 31, 2017, respectively.
On February 2, 2018, the Company issued a convertible note to Golock Capital, LLC (“Lender”) in the principal amount of $40,000 with an interest rate at 10% per annum and a maturity date of November 2, 2018. The note included an original issue discount of $5,000. The note is convertible into shares of the Company’s common stock at $0.015 per share. As additional consideration for the Lender to enter into this agreement with the Company, the Company issued warrants to the Lender to acquire in the aggregate 2,500,000 shares of the Company’s common stock at an exercise price of $0.015 per share (see Note 9). In addition, the Lender shall have the first right of refusal as to any future funding of Borrower in that Lender shall have the right to provide all or a portion of the funding upon the same terms as those offered in writing by any third party or contained in any private placement of borrower. The Lender, upon conversion, shall have piggy back registration rights for all of its common stock shares in any registration or post-effective amendment to any registration initiated by Borrower with the Securities and Exchange Commission. The balance of the note outstanding, and the related debt discount was $40,000 and $31,648 as of March 31, 2018, respectively.
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(e) On December 20, 2017, the Company issued a convertible note to DBW Investments, LLC (“Lender”) in the principal amount of $21,000 with an interest rate of 10% per annum and a maturity date of September 20, 2018. The note included an original issue discount of $1,000. The note is convertible into shares of the Company’s common stock at $0.015 per share. As additional consideration for the Lender to enter into this agreement with the Company, the Company issued a warrant to the Lender for 200,000 shares of the Company’s common stock at an exercise price of $0.01 per share. The balance of the note outstanding was $21,000 as of March 31, 2018 and December 31, 2017. The balance of the debt discount was $1,309 and $2,073 as of March 31, 2018 and December 31, 2017, respectively.
On January 18, 2018, the Company issued a second convertible note to DBW Investments, LLC (“Lender”) in the principal amount of $35,000, which included an original issue discount of $5,000, with an interest rate at 10% per annum and a maturity date of October 18, 2018. The note is convertible into shares of the Company’s common stock at $0.015 per share. As additional consideration for the Lender to enter into this agreement with the Company, the Company issued warrants to the Lender to acquire in the aggregate 2,500,000 shares of the Company’s common stock at an exercise price of $0.015 per share. The balance of the note outstanding, and the related debt discount was $35,000 and $7,633 as of March 31, 2018, respectively.
$VNUE HOPE WTF? SOUND LIKE THE CEO AND BAGHOLDERS!!
$VNUE= vtjll= BAGHOLDER!! GLAD WE EXPOSED THIS SCAMMER CEO!!