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Agree, he was to be a Rainmaker can't get it done.. no faith in his leadership, Over promised undelivered ..
Hey if you can't get the Utility to make the deal...next best thing hook-up with NuScale power....http://www.globenewswire.com/news-release/2019/09/23/1919154/0/en/Enfission-and-Lightbridge-Announce-Successful-Demonstration-of-Patented-Manufacturing-Process-and-Fabrication-of-Lightbridge-Fuel-Surrogate-Rods
-for-a-NuScale-Small-Modular-Reactor.html
Convertible Debentures (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Accrued interest
$ 27,461 $ 27,461
Repayments of convertible debt
18,000 47,387
Carrying value of debenture
12,613 22,613
Fair value of derivative liability
3,310 14,237
Convertible Note 1
Accrued interest
7,183 2,992
Carrying value of debenture
56,420 34,927
Fair value of derivative liability
26,026 48,450
Accretion expense
26,303 24,834
Convertible Note 2
Accrued interest
6,767 3,077
Carrying value of debenture
52,550 35,817
Fair value of derivative liability
25,594 52,001
Accretion expense
33,183 20,954
Convertible Note 3
Accrued interest
6,062 66
Carrying value of debenture
100,000 57,452
Fair value of derivative liability
24,885 42,818
Accretion expense
42,548 269
Convertible Note 4
Carrying value of debenture
444,444 0
Fair value of derivative liability
2,027 0
Accretion expense
54,548 0
Convertible Note 5
Repayments of convertible debt
8,000 0
Carrying value of debenture
284,318 0
Fair value of derivative liability
58,909 0
Accretion expense
65,697 0
Convertible Note 6
Accrued interest
9,043 0
Carrying value of debenture
117,026 0
Fair value of derivative liability
28,782 0
Accretion expense
93,826 0
Convertible Note 7
Accrued interest
8,947 0
Carrying value of debenture
116,202 0
Fair value of derivative liability
28,572 0
Accretion expense
$ 92,910 $ 0
a) On June 20, 2014, the Company entered into a consulting agreement for consulting services. Pursuant to the agreement, the Company is to pay the consultant a commencement fee of $250,000. On June 23, 2014, the Company issued a $250,000 convertible note which is unsecured, non-bearing interest and due on June 22, 2015. The note is convertible into shares of common stock 180 days after the date of issuance (December 17, 2014) at a conversion rate of 90% of the lowest closing bid prices of the Company's common stock for the ten trading days ending one trading day prior to the date the conversion notice is sent by the holder to the Company. As at December 31, 2018, accrued interest of $27,461 (2017 - $27,461) has been recorded in accounts payable and accrued liabilities.
On December 17, 2014, the note became convertible resulting in the Company recording a derivative liability of $94,188 with a corresponding adjustment to loss on change in fair value of derivative liabilities of $1,050 as accretion expense. Pursuant to the agreement, the convertible note matured on June 22, 2015 and 150% of the remaining balance in principal and interest is payable. On February 2, 2016, the Company entered into a settlement agreement whereby the Company would pay $20,000 on or before the third day of each subsequent month until the entire balance is repaid. During the year ended December 31, 2018, the Company repaid $10,000 (2017 - $47,387) of the outstanding loan pursuant to the settlement agreement. As at December 31, 2018, the carrying value of the debenture was $12,613 (2017 - $22,613) and the fair value of the derivative liability was $3,310 (2017 - $14,237).
b) On May 23, 2017, the Company issued a $63,000 convertible note, net of an original issue discount of $3,000, which is unsecured, bears interest at 8% per annum, and matured on May 23, 2018. The convertible note is in default. The note is convertible into shares of common stock at a conversion rate of 55% of the lowest closing bid prices of the Company's common stock for the twenty trading days ending one trading day prior to the date the conversion notice is sent by the holder to the Company. During the year ended December 31, 2018, the Company issued 692,364 common shares for the conversion of $4,810 of principal and $375 of accrued interest. As at December 31, 2018, accrued interest of $7,183 (2017 - $2,992) has been recorded in accounts payable and accrued liabilities.
Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". The fair value of the derivative liability resulted in a discount to the convertible note of $48,137. The carrying value of the convertible note will be accreted over the term of the convertible note. During the year ended December 31, 2018, $26,303 (2017 - $24,834) of accretion expense had been recorded. As at December 31, 2018, the carrying value of the debenture was $56,420 (2017 - $34,927) and the fair value of the derivative liability was $26,026 (2017 - $48,450).
c) On May 23, 2017, the Company issued a $63,000 convertible note, net of an original issue discount of $3,000, which is unsecured, bears interest at 8% per annum, and is due on May 23, 2018. The note is convertible into shares of common stock at a conversion rate of 55% of the lowest closing bid prices of the Company's common stock for the twenty trading days ending one trading day prior to the date the conversion notice is sent by the holder to the Company. During the year ended December 31, 2018, the Company issued 600,000 common shares for the conversion of $10,450 of principal and $3,602 of accrued interest. As at December 31, 2018, accrued interest of $6,767 (2017 - $3,077) has been recorded in accounts payable and accrued liabilities.
Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". The fair value of the derivative liability resulted in a discount to the convertible note of $48,137. The carrying value of the convertible note will be accreted over the term of the convertible note. On May 23, 2018, the Company extended the maturity of note to July 31, 2018 through the payment of a one-time $6,000 fee, which has been recorded as a discount on the note and has been fully accreted as of December 31, 2018. On November 15, 2018 (by Agreement entered on March 11, 2019), the Company extended the maturity of the note to April 15, 2019 through the payment of a one-time $6,000 fee. The Company concluded that the modification of the loan was not deemed substantial. The note matured on April 15, 2019 and is currently in default. During the year ended December 31, 2018, $33,183 (2017 - $23,954) of accretion expense had been recorded. As at December 31, 2018, the carrying value of the debenture was $52,550 (2017 - $35,817) and the fair value of the derivative liability was $25,594 (2017 - $52,001).
d) On December 28, 2017, the Company issued a $100,000 convertible note to the former Chief Financial Officer of the Company, which is unsecured, bears interest at 6% per annum, is due on December 28, 2018 and is currently in default. The note is convertible into shares of common stock at a conversion rate of 70% of the lowest closing bid prices of the Company's common stock for the ten trading days ending one trading day prior to the date the conversion notice is sent by the holder to the Company. As at December 31, 2018, accrued interest of $6,062 (2017 - $66) has been recorded in accounts payable and accrued liabilities.
Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". The fair value of the derivative liability resulted in a discount to the convertible note of $42,817. The carrying value of the convertible note will be accreted over the term of the convertible note. During the year ended December 31, 2018, $42,548 (2017 - $269) of accretion expense had been recorded. As at December 31, 2018, the carrying value of the debenture was $100,000 (2017 - $57,452) and the fair value of the derivative liability was $24,885 (2017 - $42,818).
e) On January 23, 2018, the Company issued a $111,111 convertible note, net of an original issue discount of $11,111, which is unsecured, bears one-time interest at 14%, and matured six months from the issue date. The Company also agreed to issue 350,000 common shares with the convertible note. The fair value of the restricted common shares was $18,200 and has been recorded as a discount on the note and has been fully accreted as of December 31, 2018. The note is convertible into shares of common stock at a conversion price of $0.30 per share. During the year ended December 31, 2018, the Company paid the one-time interest of $14,000.
Since this note became tainted by the notes with variable conversion rates, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". The fair value of the derivative liability and the one-time interest resulted in a discount to the convertible note of $17,712. The carrying value of the convertible note will be accreted over the term of the convertible note.
On September 4, 2018, the Company entered into an extension agreement whereby the Company issued 350,000 restricted common stock to the investor and pay a one-time 12% interest payment to extend the loan due date to October 23, 2018. The convertible note was extended to October 23, 2018 and is currently in default. The Company considered ASC Subtopic 470-50, Debt Modifications and Extinguishments, and determined that the modification to extend the note was not substantial. The fair value of the 350,000 shares of $7,525 was recorded as a debt discount and amortized over the remaining life of the note. During the year ended December 31, 2018, $54,548 (2017 - $nil) of accretion expense had been recorded. As at December 31, 2018, the carrying value of the debenture was $111,111 (2017 - $nil) and the fair value of the derivative liability was $2,027 (2017 - $nil).
f) On January 26, 2018, the Company issued a $165,000 convertible note, net of an original issue discount of $15,000, which is unsecured, bears one-time interest at 14%, matured nine months from the issue date and is in default. The note is convertible into shares of common stock at a conversion price of $0.30 per share. A total of 500,000 shares with a fair value of $25,000 was also issued with the convertible note. During the year ended December 31, 2018, the Company paid the one-time interest of $21,000.
Since this note became tainted by the notes with variable conversion rates, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". The fair value of the derivative liability, the commitment shares and the one-time interest resulted in a discount to the convertible note of $50,697. The carrying value of the convertible note will be accreted over the term of the convertible note. On August 13, 2018 the Company and noteholder agreed to enter into an amended and restated purchase agreement and the Company to issue the noteholder an amended and restated convertible promissory note in the amount of $193,300 with a maturity date of May 10, 2019. On July 31, 2018, the Company and noteholder entered into a loan extension whereby the Company was required to pay the noteholder the sum of eight thousand dollars ($8,000). The Company considered ASC Subtopic 470-50, Debt Modifications and Extinguishments, and determined that the modification was an extinguishment and therefore, recognized a gain on the extinguishment of the original debt of $137 (2017- $nil). The variable conversion price of the amended and restated convertible promissory note was adjusted to: the lesser of (i) $0.30 per share, (ii) 60% multiplied by the average of the three lowest Trading Prices (as defined below) for the Common Stock during the previous twenty (20) Trading Days (as defined herein) before the Issue Date of this Note (representing a discount rate of 40%) or (iii) 60% multiplied by the Market Price (as defined herein) (representing a discount rate of 40%). On October 22, 2018, the Company and noteholder entered into a forbearance agreement whereby the Company agreed to a payment of $41,904 and accrued interest that was immediately added to the principal balance of the amended and restated convertible promissory note bringing the principal balance to $251,421. The variable conversion price of the amended and restated convertible promissory note was adjusted to: the lesser of (i) $0.30 per share, (ii) 50% multiplied by the average of the three lowest Trading Prices for the Common Stock during the previous twenty (20) Trading Days before the Issue Date of this Note (representing a discount rate of 50%) or (iii) 50% multiplied by the Market Price (representing a discount rate of 50%).”. On February 16, 2019, the Company and Holder entered into a second forbearance agreement whereby the Company agreed to a payment of $50,248 and accrued interest that was immediately added to the principal balance of the amended and restated convertible promissory note bringing the principal balance to $301,706. The variable conversion price of the amended and restated convertible promissory note was adjusted to: equal of the lesser of (i) $0.002 per share, or (ii) 50% multiplied by the average of the three lowest Trading Prices for the common stock during the previous twenty (20) Trading Days before the Issue Date of this Note (representing a discount rate of 50%), or (iii) 50% multiplied by the Market Price (representing a discount rate of 50%). . During the year ended December 31, 2018, $65,697 (2017 - $nil) of accretion expense had been recorded. As at December 31, 2018, the carrying value of the debenture was $284,318 (2017 - $nil) and the fair value of the derivative liability was $58,909 (2017 - $nil). The Company recorded an additional $119,318 of interest to principal as of December 31, 2018 as a result of the forbearance agreements mentioned above.
g) On February 20, 2018, the Company issued a $131,250 convertible note, which is unsecured, bears interest at 8% per annum, and is due on February 20, 2019. The note is convertible into shares of common stock at a conversion rate of 55% of the lowest closing bid prices of the Company's common stock for the twenty trading days prior including the date the conversion notice is received by the Company. As at December 31, 2018, accrued interest of $9,043 (2017 - $nil) has been recorded in accounts payable and accrued liabilities.
Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". The fair value of the derivative liability and related financing costs resulted in a discount to the convertible note of $108,050. The carrying value of the convertible note will be accreted over the term of the convertible note. During the year ended December 31, 2018, $93,826 (2017 - $nil) of accretion expense had been recorded. As at December 31, 2018, the carrying value of the debenture was $117,026 (2017 - $nil) and the fair value of the derivative liability was $28,782 (2017 - $nil).
h) On February 23, 2018, the Company issued a $131,250 convertible note, which is unsecured, bears interest at 8% per annum, and is due on February 23, 2019. The note is convertible into shares of common stock at a conversion rate of 55% of the lowest closing bid prices of the Company's common stock for the twenty trading days prior including the date the conversion notice is received by the Company. As at December 31, 2018, accrued interest of $8,947 (2017 - $nil) has been recorded in accounts payable and accrued liabilities.
Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". The fair value of the derivative liability and related financing costs resulted in a discount to the convertible note of $107,957. The carrying value of the convertible note will be accreted over the term of the convertible note. During the year ended December 31, 2018, $92,910 (2017 - $nil) of accretion expense had been recorded. As at December 31, 2018, the carrying value of the debenture was $116,202 (2017 - $nil) and the fair value of the derivative liability was $28,572 (2017 - $nil).
Yeah they like peanuts lots of them
.. https://www.sec.gov/cgi-bin/viewer?action=view&cik=1496818&accession_number=0001721716-19-000063&xbrl_type=v#
Investors was issued a warrant granting the holder the right to purchase up to 3,000,000 shares of the Company’s common stock at an exercise price of $0.005 for a term of 5-year. Wow .005 3,000,000 Shares, Say Hello to Monday.
https://www.otcmarkets.com/filing/html?id=13622006&guid=yVJfUe4sDZV1tth...
https://www.sec.gov/Archives/edgar/data/1496818/000149315219014372/form8-k.htm Nothing like Dilution.. OUCH! Nice Friday 8K
Sell take the tax loss, if a miracle happens in the next few months you can
still buy back in after 30 days.
Really all you have to do is file a form 15 and you are protected. just lazy, was he gone the whole summer, did he have back office issues, not aware who knows?
He did not.. He use to have a clean process,not sure what happen with him. Now its just sloppy,why spend the money on the whole process and then let the SEC shut you down. ..
He did the same-thing with SCHS must be losing it. that's sloppy. https://www.otcmarkets.com/stock/SCHS/news/SEC-Suspension-of-Trading?id=235996 I would be careful with his stuff.
DRUS..President Richard Tang 5467 5B Avenue, Delta, BC,
not Richard Chiang of Corporate Compliance
let the tax lost season begin! can't win them all.
Their pledge, essential to take the 5th. Good move, no point shouting incompetence.
https://www.energy.gov/ne/articles/us-department-energy-awards-152-million-advanced-nuclear-technology-0 At least they didn't have to announce a 3rd strike.
$KOOL very low float.. very big news AH...https://www.otcmarkets.com/filing/html?id=13632036&guid=YgwfUaJ6H_R_Lth
Somethings up! Watch
http://www.world-nuclear-news.org/Articles/Regulators-formalise-technical-collaboration-on-SM ..http://ir.ltbridge.com/news-releases/news-release-details/nuscale-power-and-enfission-sign-mou-explore-use-next-generation..
Need to start getting more emphasis on this relationship.IMO
IMO I would not touch this ..https://www.clarkcountycourts.us/Portal/DocumentViewer/Index/k52ZU6PR8sJW1voDwTZjl0WwhvU3HIC68ItdbiLpyPnHo-MPsmjYk8wmKAMwtnbPHctFNSfz1epiaBvgbZXQj8ylv9Ur7IgyCnYi9bEdyLULjnUjwHruH_588TRJp_360?p=0 Big liabilities $$ 145,000.00
CYIO here we go
CYIO.. watching up coming events...https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149317078
CYIO watch this one up coming event.. https://www.sec.gov/alj/aljorders/2019/ap-6519.pdf..
CYIO somethings up court date near
Hearing lawyer hired to get current SEC filings coming near term..keep your eyes open.
Hearing this is going to be a SEC filer ..keep your eyes open.
CLSI here we go
CLSI just got TA Verified looks like its been 2008 last update..CLSI Security Details
Share Structure
Market Value1 $607,813 a/o Jan 24, 2018
Authorized Shares Not Available
Outstanding Shares 379,882,938 a/o Aug 14, 2008
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value 0.0001
Market Cap Market Cap
426,661
07/05/2019
Authorized Shares
800,000,000
07/02/2019
Outstanding Shares
213,330,332
07/02/2019 almost 1/2 reduction in OS
CLSI Share Structure
Market Value1 $607,813 a/o Jan 24, 2018
Authorized Shares Not Available
Outstanding Shares 379,882,938 a/o Aug 14, 2008
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value 0.0001
https://www.otcmarkets.com/stock/CLSI/security Now TA Verified
Share Structure
Market Value1 $607,813 a/o Jan 24, 2018
Authorized Shares Not Available
Outstanding Shares 379,882,938 a/o Aug 14, 2008
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value 0.0001
CLSI Nice share reduction Outstanding Shares 1/3 don't see that everyday
213,330,332
07/02/2019
Outstanding Shares
213,330,332
07/02/2019 Nice share reduction 1/3
CHWE... https://www.whois.com/whois/chinawe.com http://www.welconhk.com/home/customer/.. Looks like this could have big potential RM near