Legend Oil and Gas Ltd (LOGL)

[PStockPickz]

wait so why is this even up 100% ??? also news:

On April 3, 2017, the Company entered into a Securities Purchase Agreement with Hillair Capital Investments, L.P. (“ Purchaser ”) pursuant to which it issued an Original Issue Discount Senior Convertible Debenture (the “ Debenture ”) to the Purchaser in the aggregate amount of $660,000, payable in full on March 1, 2018. The Debenture is convertible into up to 22,000,000 shares of Common Stock at a conversion price of $.03 per share. The repayment of the Debenture is unsecured.