Tuesday, April 14, 2015 3:40:57 PM
8. In August 2014, the Company entered into a promissory note with RLS Premiere Financial, LLC (RLS) in the original principal amount of $30,000. The note has a twelve month term and is convertible into shares of common stock of the Company at the election of RLS at a rate of $0.0001 per share.
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interesting: Robert Sanders, president and CEO is listed on the filing for the LLC. Did we give the baby with the bath water with this huge conversion or did we possibly get our foot in the door up in michigan with this contact for the monocoque "chassis-less" vehicle design? 300mm for 30k is hard to swallow if only to stay afloat.
http://www.dbusiness.com/daily-news/Annual-2015/ManagedWay-Deploys-New-Technology-to-Optimize-Internet-Service/
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