InvestorsHub Logo
Followers 73
Posts 9049
Boards Moderated 0
Alias Born 07/16/2010

Re: DSherman post# 87764

Tuesday, 03/17/2015 1:09:29 PM

Tuesday, March 17, 2015 1:09:29 PM

Post# of 183886
Flux Carbon Starter Fund, FCSF, is a toxic lender often associated with Factor Fund and Asher, from what I can gather with a quick Google search.

Example (not PVSP-related):

On December 24, 2012, the Company issued a $50,000 convertible promissory note to Flux Carbon Starter Fund, LLC (“Flux”). The note matured on June 30, 2013 and bears interest at 12% per annum. The Flux note has a conversion price equal to 50% of the lowest volume weighted average closing bid price for the 90 days preceding conversion. On June 24, 2013, Flux sold and assigned the note to 112359 Factor Fund, LLC. (“Factor Fund”). During the nine months ended September 30, 2013, the Company issued 45,689,040 shares of common stock to Factor Fund and Factor Funds transferee upon the conversion of $42,500 of principal and $3,189 of accrued and unpaid interest. As of September 30, 2013, the Flux note had a balance of $7,500.