CannaSys Inc. (fka MJTK)

[recinvestor]

MJTK 8K stating the following:

On May 15, 2017, we received proceeds of $46,950, net of transaction costs, from an 8% Convertible Redeemable Promissory Note under the terms of a Securities Purchase Agreement dated December 16, 2016, with Adar Bays, LLC, a Florida limited liability company. The note accrues interest at the rate of 8% per annum and matures on December 12, 2017. The outstanding amount due under the note is immediately convertible into restricted shares of CannaSys common stock after 180 days from the issue date, at Adar Bays’ sole discretion, at 50% of the lowest trading price for the common stock for the 25 consecutive prior trading days immediately preceding the conversion date, with some exceptions.

Rec