Hybrid Coating Technologies Inc (fka HCTI)

[rnb010]

I may be inclined to agree on the dilution unless I'm reading financials wrong....

On January 13, 2015, the Company entered into an agreement with an lender whereby the lender loaned a principal sum of $52,500. Upon signing, the Company
received $50,000 in cash and paid fees of $2,500, recorded as a debt discount. The maturity date of the convertible note is January 13, 2016 and the interest rate
from the date of borrowing is 8% per annum. If the note is unpaid by maturity the interest rate becomes 24% per annum thereafter. The note and any accrued
unpaid interest are convertible into common shares of the Company 180 days after the issuance of this Note. The conversion price is 60% of the lowest closing bid
price of the 20 trading days prior to the conversion. The note has redemption premiums if the note is repaid prior to 180 days of 110% to 135% based on the
number of days after the issuance that the note is repaid.

On January 21, 2015, the Company entered into an agreement with an lender whereby the lender loaned a principal sum of $35,000. Upon signing, the Company
received $33,000 in cash and paid fees of $2,000, recorded as a debt discount. The maturity date is January 21, 2016 and the interest rate from the date of
borrowing is 8% per annum. If the note is unpaid by maturity the interest rate becomes 22% per annum thereafter. The note and any accrued unpaid interest are
convertible into common shares of the Company 180 days after the issuance of this note. The conversion price is 60% of the lowest closing bid price of the 20
trading days prior to the conversion. The note has redemption premiums if the note is repaid prior to 180 days of 135% of the outstanding principal and accrued
interest balances.

On January 28, 2015, the Company entered into an agreement with an lender whereby the lender agreed to lend a principal sum of up to $220,000. Upon closing,
the Company received $35,000 in cash The Company paid an OID of $3,500 and an interest payable on issuance $3,850. The maturity date of the notes is January
28, 2016 and the interest rate from the date of borrowing is 10% per annum which was recorded at issuance. If the note is unpaid by maturity the interest rate
becomes 20% per annum thereafter. The note and any accrued unpaid interest are convertible into common shares of the Company 180 days after the issuance of
this note. The conversion price is 60% of the lowest trading price of the 25 trading days prior to the conversion. The note has redemption premiums if the note is
repaid prior to 180 days of 135% of the outstanding principal and accrued interest balances.

3 more notes mature in March
1 in February

Soooooooo....how will this be a .10 price target by March with those types of notes maturing in the next 2 months as well? Unless I am totally wrong about reading financials and understanding what mature notes mean.