Jubilant Flame International Ltd. JFIL (JFIL)

[MattyTrader]

Wow, 18.3m OS and no more convertible debt ???



NOTE 5 – CONVERTIBLE DEBT

On December 9, 2015, the Company issued a convertible note of $60,000 which was determined to contain embedded conversion features required to be bifurcated from the host contract and reported at fair value. During the second quarter ended at August 31, 2017, the company paid off the remaining outstanding note balance in full plus 140% interest. As a result, the convertible note balance net of discount amortization as of November 30, 2017 was zero