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Saturday, November 07, 2015 8:12:03 PM
There's 1 that matured on April 17, 2015 for $500K that was signed in Oct. 2014 but apparently no payments have been made because they still owe the $500K according to the 10Q.
On October 17, 2014, the Company sold a 1% Convertible Redeemable Note in the principal amount of $500,000 (the “Note”) pursuant to a Securities Purchase Agreement. The Note matures on April 17, 2015.
Here's 1 that started at $58K
On October 2, 2014, the Company sold a 12% Convertible Redeemable Note in the principal amount of $58,000 (the “Note”) pursuant to a Securities Purchase Agreement. The Note matures on May 2, 2015.
The Note may be converted into common stock of the Company at any time beginning on the 1st day of the date of the Note at a price equal to 40% of the lowest intraday bid price of the common stock as reported on OTCQB, for the prior thirty trading days. During the three months ended April 30, 2015, the Company incurred penalties totaling $17,726 related to the Note. As of April 30, 2015, the noteholder has converted $78,479 of principal and interest into common stock.
There's at least 1 more that includes "penalties."
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