FutureLand Corp (FUTL)

[KeepItRealistic]

After these two notes which are being converted now

As per last 10Q
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12244700

These are the two debt (funders) whose 6 month restriction were both lifted by Sept 22nd. Once they are cleared, there are none left. So at least a 6 month pause on any new debts.


From 10q

"On March 20, 2017, the Company issued a debenture for $180,000 to EMA. The debenture accrues interest at 8% per annum and will convert into the company's common stock at 50% of the lowest closing bid price 18 days before the conversion date. The Holder is restricted from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.

On March 22, 2017, the Company issued a debenture for $180,000 to Auctus Fund. The debenture accrues interest at 8% per annum and will convert into the company's common stock at 50% of the lowest closing bid price 18 days before the conversion date. The Holder is restricted from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion."
Replies:
Thanks for posting the info.
love your neighbor on 10/4/2017 9:19:49 PM



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