Alumifuel Power Corp. (AFPW)

[I-Glow]

And the Schadel Incompetence continues unabated!

From good ole Periscope: "Mr. Schadel discussed building value for shareholders by acquiring businesses that generate cash flow and restructuring the Company’s debt as it transitions to a diversified holding company."

Look at the financials - what in the hell is Schadel going to use to acquire that are generating cash flow - more toxic funding?

Now about the restructuring the company's debt - that is very odd since Shady just entered into two more toxic loans.

On February 17, 2017 the Registrant issued a convertible promissory note to More Capital in the total principal amount of $38,525 from which the Registrant received total proceeds of $30,000 (the “Note”). The Note is convertible beginning 90 days after issuance into $0.001 par value Common Stock of the Registrant at a discount of 50% of the average of the lowest three trading prices for the Registrant’s common stock during the twenty days preceding the conversion date. 

On February 21, 2017 the Registrant issued a convertible promissory note to CareBourn Capital, L.P. in the total principal amount of $75,325 from which the Registrant received total proceeds of $60,000 (the “Note”). The Note is convertible beginning 90 days after issuance into $0.001 par value Common Stock of the Registrant at a discount of 50% of the average of the lowest three trading prices for the Registrant’s common stock during the twenty days preceding the conversion date.

Great job Schadel - more toxic debt.

IG