InvestorsHub Logo
Followers 37
Posts 311
Boards Moderated 0
Alias Born 08/23/2015

Re: None

Monday, 08/24/2015 8:56:17 AM

Monday, August 24, 2015 8:56:17 AM

Post# of 30670
CEO recently raised A/S to 1 billion behind investors backs! Than he puts out press release saying all toxic debt is over and than he just takes on a ton more toxic debt! Dilution city here coming soon. By the way he can change the maturity dates on these new notes

Quote:
Twelve month convertible note with 8% stated interest rate, maturity date of April 28, 2016 and shares convert at 60% of market. This is recorded net of debt discount of $4,303.

20,697

Twelve month convertible note with 8% stated interest rate, maturity date of January 30, 2016 and shares convert at 60% of market. This is recorded net of debt discount of $7,764.

27,236

Nine month convertible note with 12% stated interest rate, maturity date of February 22, 2016 and shares convert at 51% of market pricing mechanism. This is recorded net of debt discount of $7,764.

45,610

Agreement with non related investors that allow up to $10,000,000 in financing through convertible notes. This note was twelve month convertible note with 12% stated interest rate, maturity date of April 22, 2016 and shares convert at 60% of market through a pricing formula. This is recorded net of debt discount of $8,051.

41,949
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.