Allstar Health Brands Inc (ALST)

[LA_BoSko]

In the nine months ended September 30, 2015, Ramos and Ramos Investments, Inc. converted $235,000 of the loan balance in exchange for 23,500,000 shares of Company common stock at $.01 per share. In February 2015, the Company repaid $100,000 and Ramos and Ramos assigned $300,000 of the notes payable to third parties in the nine months ending September 30, 2015. In addition, Ramos and Ramos advanced certain funds to the Company during the period. There are no terms to the advances unless otherwise converted into a convertible note payable (see Note 7).


No way a company being owed 200k converts the debt into shares at $.01 just to lose all their money. And Ramos and Ramos aren't the only lenders who would lose out.