FLPC - Convertibles Notes shedule till december 2014
Note issued October 21, 2013 with interest at 6% per annum. Principal and interest are due on October 21, 2014. The conversion price shall be equal to 65% multiplied by the average of the two closing prices during the five (5) trading days prior to the conversion notices.
113,847 PAID
Note issued October 21, 2013 with interest at 10% per annum. Principal and interest are due on October 21 2014. The conversion price shall be equal to 60% multiplied by the lowest closing prices during the ten (10) trading days prior to the conversion notices.
130,000 PAID
Note issued March 03, 2014 with interest at 8% per annum. Principal and interest are due on December 05, 2014. The conversion price shall be equal to 58% multiplied by the average of the three lowest closing prices during the ten (10) trading days prior to the conversion notices.
63,000
Note issued December 04, 2013 with interest at 10% per annum. Principal and interest are due on December 04, 2014. The conversion price shall be equal to 60% multiplied by the lowest price during the ten (10) trading days prior to the conversion notices.
84,249
Note issued April 26, 2013 with interest at 8% per annum. Principal and interest are due on December 18, 2014. The conversion price shall be equal to a fixed price of $.015.
287,188
( This December 287k note is at a fixed price of 0.015, it will cost us only 20M shares )
Per last 10Q
“The majority see the obstacles; the few see the objectives; history records the successes of the latter, while oblivion is the reward of the former.”
Alfred A. Montapert
