Rogerrrrrrrr, right you are, sort of. As MMJ/MJ OTC investors become engaged and more knowledgeable they're all on the lookout for convertible debt with imbedded conversion features that mean dilution and HUGE profits for the insiders a/k/a "debt holders". What this company has done is novel. Instead of allowing conversion, they've "repaid" two notes with original principal sums of $110,000.00 for $158,364.00 within six months. With the company paying 5% of the total redemption amount "as consideration for entering into the amendment" it makes the effective APR of the note 90%. Why would anyone pay 90% interest? Because that's what they would have made with a 45% VWAP imbedded conversion feature and they're hoping that investors like myself won't read every word of every 8-k and only read the 10Q's. I thank you for pointing that out but counter by saying it comes down to the same thing. Actually better for the note holder as the company is only trading $6-$8,000.00 daily it would take forever to convert and receive a 90% return without the volume killing the stock price. Like I said, novel, but still questionable at best.
