CaliPharms Inc (KGET)

[rawman]

The debt is now paid in full and of the books for CaliPharms Inc., as of February 15, 2017.

On DECEMBER 31, 2016, KGET had a TOTAL CASH BALANCE of $2700! SIX WEEKS later, with no revenues, Bobo "THE CLOWN" Linton, via a PR, claims to have paid off a $50,000 CONVERTIBLE NOTE. WITH WHAT?THE COMPANY HAD NO CASH!

THE FLUFF PR's ARE BS DESIGNED TO ATTRACT INVESTORS THAT DO NOT ASK "HARD" QUESTIONS! Since KGET has gone "DARK", the investors do not have access to any filings (SEC Form 8-K's) that might shed light on the loan settlement transactions!

On February 15, 2016 KGET had ONLY TWO OPTIONS that would allow paying the debt! The first would be "replacement" debt, i.e. borrowing to pay off the previous debt! The second would be to "encourage" the note holder via special conversion conditions to actually convert the note to KGET shares. Of course a "conversion", with special "incentives", whacks shareholders with greater DILUTION!

KGET has purportedly paid off 1/6 ($120K of $720K) of it convertible debt. HOW?

(Aside from THE CLOWN...NOBODY KNOWS!)