InvestorsHub Logo
Followers 35
Posts 3892
Boards Moderated 0
Alias Born 09/20/2012

Re: PennyStock Alert post# 99451

Tuesday, 06/28/2016 1:31:46 PM

Tuesday, June 28, 2016 1:31:46 PM

Post# of 120648
Not too familiar with convertible notes so if anyone can answer this, I would be grateful. So, these convertible notes are a loan to a company in early stages and from what I read, it seems as if the loan payment is being converted into these shares. 243,000,000 shares at $.007/share equals $1.7 million, does this mean that $1.7 million of debt is now off the books for PHOT?
Thanks in advance for any answers.
PHOT