PositiveID Corporation (fka PSID)

[Werbe]

There are others before this. Looks close 2 bounce but I havent seen what volume is going where.

On January 8, 2018, PositiveID Corporation (the “Company”) issued a Convertible Promissory Note in the aggregate principal amount of $78,125 (the “Note”) to M2B Funding Corp. (the “Investor”). The Note has been funded, with the Company receiving $75,000 of net proceeds (net of OID). The Note bears an interest rate of 12%, and is due and payable on January 8, 2019. The Note may be converted by the Investor at any time into shares of the Company’s common stock (as determined in the Note) at a 37.5% discount to the lowest price of the common stock as reported on the OTC Link ATS owned by OTC Markets Group for the 15 prior trading days including the day upon which a notice of conversion is received by the Company.



The Note is a long-term debt obligation that is material to the Company. The Note may be prepaid in accordance with the terms set forth in the Note. The Note also contains certain representations, warranties, covenants and events of default including if the Company is delinquent in its periodic report filings with the SEC, and increases in the amount of the principal and interest rates under the Note in the event of such defaults. In the event of default, at the option of the Investor and in the Investor’s sole discretion, the Investor may consider the Note immediately due and payable.

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12476109