Crednology Holding Corp (fka COHO)

[The Cardiac Kid]

This right here IMO: (read entire post)
(I do believe most of this note has already been converted in 2013 look at the raises in the OS back the. And the chart as well.)

Convertible Promissory Note

Subsequent to the date of the financial statements, the Company entered into a Convertible Promissory Note (“Promissory Note”) with Tangiers Investment Group, LLC, (“Tangiers”) in the amount of Thirty Thousand Dollars ($30,000.00). The Convertible Note is convertible, in whole or in part, at any time and from time to time before maturity at the option of the holder at the Variable Conversion Price, which shall mean 50% of the Market Price. The Market Price is defined as the lowest Trading Price for the common stock during the twenty (20) Trading Day period ending one Trading Day prior to the date the Conversion Notice is sent. The Convertible Note has a term of one (1) year and accrues interest at a rate equal to ten percent (10%) per year.

This is a note that was taken out in 2013 to cover a IMO shady deal done by the previous CEO when it was Cooper holdings to cover his butt on some money he owed someone. This below is what I think the note above is for:

The estimated fair values of the identifiable net assets of Cooper Holding Corp at March 30, 2013 are restated as follows: There were two notes issued by the Company prior to acquisition of Crednology, Inc. The two notes in the amounts of $12,000 and $33,835 have been reclassified to accounts payable with conversion features.



You have to look back into the March filings in 2013 to find all this. Believe me I did well over an hour worth of digging to find this info. It all happens right around the reverse split when rusty got the company. IMO rusty got shafted to a degree and is having to clean it up now. Hope this all makes sense. It's just what I have found from the filings.