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Wednesday, December 09, 2015 7:32:11 PM
On June 11, 2015, the Company issued a 10% interest bearing Convertible Promissory Note in the principal amount of $92,500 to Beaufort Capital Partners LLC, a New York Limited Liability company("BCP"). The note included an Original Issuer Discount (OID) of $17,500 reserved for processing fees, and the company received $75,000. Pursuant to the terms of the convertible promissory note,
the 6 month maturity date is December 11, 2015 and the holders have the right to convert any portion of the principal amount thereof at a 37.5% discount to the lowest intraday trading price within fifteen (15) days prior to a Conversion Notice submitted to the Issuer’s Transfer Agent.
This is the only thing I am aware of that the company has disclosed will happen on Dec 11 2015.
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