Crednology Holding Corp (fka COHO)

[The Cardiac Kid]

I don't think we share the same views on note conversion. Tangiers has shares they are selling they are not buying shares. They gave COHO money at a point in time they converted that money into shares i.e. The OS was raised. Now they are taking those shares they got at the lowest bid price during the 20 day period which could have been over a year ago as their agreement outlines and they are dumping those shares i.e. raising the float. Why, because they got a ton of shares for basically free and it doesn't matter where they sell them because it's almost free money to them. That is a conversion example to me. Here is their agreement.

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. I