Eastgate Biotech Corp (fka ETBI)

[THall]

The total diluted amount is just under 1 million dollars. They have not dumped that much yet. Still more dilution to go here. Not only the $750k that's court ordered there is also another $208k above that.

Item 1.01 Entry into a Material Definitive Agreement.



On April 1, 2017, EastGate Biotech Corp. (the “Company”) entered into a Settlement Agreement with Northbridge Financial, Inc. (“Northbridge”), whereby Northbridge acquired liabilities of the Company in the amount of $208,000 (the “Debt”), which was owed by the Company to third parties related to debts related to the Company’s outstanding liabilities. The Company and Northbridge then entered into an Order Granting Approval of the Settlement Agreement, and Northbridge converted the Debt pursuant to a 3(a)(10) exemption into 40,000,000 shares of the Company’s common stock.