Kaya Holdings Inc. (KAYS)

[Goodbuddy4863]

Not Good:

"Increase in 2nd Institutional Financing Agreement to $7 Million. Since December 30, 2016 we have received $3.35 million in financing from KAYS’ institutional investor through the offer and sale of convertible promissory notes under a $2.1 million financing agreement completed in early 2017 and an additional $7.0 million financing agreement (increased from $5.8 million) originally entered into in May 2011. In addition to $2.1mm under the initial agreement, we have received $1.15 mm under the second agreement and are scheduled to receive an additional $5.85 million under the second agreement over the next 2 years (subject to market conditions and other factors)."

*Expenses are quadrupling Revenues?