Dr Foods Inc. (DRFS)

[JDoggs_Money]

You're missing the first paragraph for Note B, but Note C is both paragraphs:

On May 27, 2015, the Company entered into a financing transaction with an accredited investor ("Lender) which loaned the Company $36,750 on a convertible promissory note. On December 4, 2015, the Lender converted $4,750 of the outstanding principal and interest into 952,331 common shares. Again on December 18, 2015, the Lender converted $4,000 of the outstanding principal and interest into 1,618,011 common shares. Again on December 28, 2015, the Lender converted $4,000 of the outstanding principal and interest into 1,743,012 common shares.


The current portion of the note payable is $24,000 and $-0-, at December 31, 2015 and December 31, 2014, respectively. The note matures on May 27, 2016 (the "Maturity Date") and to pay interest on the unpaid principal balance hereof at the rate of Eight (8%) percent. The Lender has the right to convert the outstanding principal and interest into common shares at its option, at any time. The conversion price will be variable and based on a 40% discount to the market price. The market price will be the average of the two lowest closing prices for the common stock during the fourteen prior trading days including the day upon which a Notice of Conversion is received by the Company. This note is referred to as Note C in the table below.

Then you have to look at the shares paid on 1/5, 1/12 and 1/20 to see that Note C was paid off.

Same for note B...but on dates 1/5 and 1/6.

Hope that helps...