Hybrid Coating Technologies Inc (fka HCTI)

[dcsteve]

You are correct about possible dilution. $220,000 in dilution possible as of this morning.

22k in debt convertible into a 60 percent share discount of the lowest pps in the last 25 trading days.


"January 28, 2015, the Company entered into an agreement with an investor whereby the investor agreed to lend a principal sum of up to $220,000. Upon closing, the Company received $35,000 in cash The Company paid an OID of $3,500 and an interest payable on issuance $3,850. The maturity date of the notes is January 28, 2016 and the interest rate from the date of borrowing is 10% per annum which was recorded at issuance. If the note is unpaid by maturity the interest rate becomes 20% per annum thereafter. The note and any accrued unpaid interest are convertible into common shares of the Company 180 days after the issuance of this note. The conversion price is 60% of the lowest trading price of the 25 trading days prior to the conversion. The note has redemption premiums if the note is repaid prior to 180 days of 135% of the outstanding principal and accrued interest balances."