JNS Holding Corp (JNSH)

[anunnaki]

Again from the last EVUS filing.

In connection with the merger referred to in note 1, the company issued a promissory note in the amount of $400,000, which bears interest at 0.38% per annum and matures March 31, 2016. $25,000 of the note was repaid with the proceeds of the private placement referred to in note 7. The note is convertible, upon an event of default as defined in the agreement, at 50% of the current market price of the Company’s stock

What exactly does this mean. March 31. 2016 is a few weeks away. Is this a good thing? Does Brian need to pony up 375k in a few weeks?

http://ih.advfn.com/p.php?pid=nmona&article=70020876