Eline Entertainment Group Inc (EEGI)

[buccaneer1961]

Quote:
NOTE 5- CONVERTIBLE PROMISSORY NOTES
As of March 31, 2016, the primary debtor of the company, Peachtree Capital, LLC., forgave $280,000 in convertible debt, and previously converted all of a $20,000 note dated July 28, 2014 into equity, leaving the company currently owing $24,324.00 in convertible debt. The existing convertible debt consists of a convertible note for $10,000 dated August 12, 2014, a $10,000 convertible note dated September 4, 2014, and an additional $4,324.00 in smaller loans originated after October 2014. All of the convertible notes currently outstanding were in default immediately. Most convertible notes convert to equity at a floating conversion price of approximately 50% to 55% discount to the current market price to limit potential dilution.

yes...and lies the company told of no dilution are going to destroy accounts of many ...watch