Holy Moly Batman, GNID MANAGEMENT SOLD OUT SHAREHOLDERS for SALARIES!!! $2500.00 bucks for 687 THOUSAND SHARES!!!
On September 26, 2016, Crownbridge elected to convert $2,473 of the principal amount of note issued on January 12, 2016. The Company issued to Crownbridge 687,000 shares of Company stock
GNID is going to get UGLY end of this Quarter, start of next IMO>
Holy Moly Batman, GNID MANAGEMENT SOLD OUT SHAREHOLDERS for SALARIES
At September 30, 2016, convertible notes payable consisted of:
Date of Note Noteholder Interest Rate Maturity date Face Value OID Proceeds Unamortized
Debt Discount Net
Carrying Amount
10/7/2015 Kodiak 8% 10/7/2016 60,000 (b) 10,000 50,000 966 59,034
11/11/2015 Auctus 8% 11/11/2016 14,096 (a) 14,096 1,630 12,466
12/16/15 Auctus 8% 9/16/16 80,266 (a) 80,266 — 80,266
1/12/2016 Crownbridge 8% 1/12/2017 6,996 (a) 4,000 2,996 1,773 5,223
1/20/2016 Yoshar 8% 1/20/2017 22,500 (a) 1,500 21,000 6,847 15,653
1/22/2016 Auctus 8% 10/22/16 77,750 (c) 77,750 6,297 71,453
2/29/2016 APG Securities 8% 2/28/2017 27,500 (a) 1,500 26,000 10,880 16,620
2/29/2016 Auctus 8% 11/29/2016 77,750 (c) 77,750 17,138 60,612
3/15/2016 Crownbridge 8% 3/15/2017 40,000 (a) 4,000 36,000 16,436 23,564
3/16/16 EMA 8% 7/16/2016 952 (a) 952 — 952
3/28/2016 Auctus 8% 12/30/2016 108,000 (c) 108,000 35,933 72,067
3/29/2016 EMA 8% 3/28/2017 52,500 (a) 52,500 25,842 26,658
5/6/2016 Auctus 8% 12/30/2016 76,750 (c) 76,750 — 76,750
05/23/2016 Black Mountain 9.99% 5/26/2017 25,000 (d) 25,000 16,252 8,748
5/24/2016 Adar Bays 8% 5/24/2017 35,000 (d) 35,000 22,561 12,439
8/24/2016 EMA 8% 8/24/2017 40,000 (e) 40,000 35,945 4,055
8/26/2016 Auctus 8% 5/26/2017 41,250 41,250 — 41,250
1/20/2016 Yoshar 8% 1/20//2017 30,000 30,000 20,364 9,636
Totals 816,310 21,000 795,310 218,864 597,446
(a) Convertible in shares of common stock 65% of the lowest closing for the twenty days trading immediately preceding the date of conversion.
(b) Convertible in shares of common stock 65% of the lowest closing for the ten days trading immediately preceding the date of conversion.
(c) Convertible in shares of common stock 70% of the lowest closing for the twenty days trading immediately preceding the date of conversion.
(d) Convertible in shares of common stock 65% multiplied by the average of the 3 lowest closing trading prices ten days prior to conversion.
(e) Convertible in shares of common stock 50% multiplied by the average of the 3 lowest closing trading prices twenty days prior to conversion.
