Not at all trashing nothing but unless they get somebody to buy out these notes the dilution is unbelievable.Straight from the 10K and also a discount of 45% on the due date at the lowest PPS for past 15 days plus in some cases 22% interest after being delinquent. Be careful and yes if they could buy this debt out good things could happen.
As of September 30, 2017, the Company owed Carebourn capital $522,510 in principal and interest of $77,877 for a total of $600,387.
Power Up Lending
On December 13, 2016, the Company issued a Convertible Note to Power Up Lending Group Ltd for a principle amount of $77,000 less legal fees of $2,000 with an interest rate of 8% per annum with a default interest rate of 22%. The note matures on September 28, 2017. The note is convertible by the holder at a discount of 48% of the lowest three trading price of the Company's stock for the 10 days prior to the conversion.
On February 28, 2017, the Company issued a Convertible Note to Power Up Lending Group Ltd for a principle amount of $33,000 with an interest rate of 8% per annum with a default interest rate of 22%. The note matures on December 5, 2017. The note is convertible by the holder at a discount of 48% of the lowest three trading price of the Company's stock for the 10 days prior to the conversion.
As of September 30, 2017, the Company owed Power Up lending $152,460 in principal and $2,733 in interest for a total of $155,193.
Crown Bridge Partners
On August 21, 2017, the Company issued a Convertible Note to Crown Bridge Partners for a principle amount of $33,000 with an interest rate of 8% per annum with a default interest rate of 22%. The note matures on December 5, 2017. The note is convertible by the holder at a discount of 48% of the lowest three trading price of the Company's stock for the 10 days prior to the conversion
As of September 30, 2017, the Company owed Crown Bridge Partners $40,000 in principal and $316 in interest for a total of $40,316.
Management has reviewed the terms of the convertible instruments to determine their fair value. After reviewing the characteristic and the value of the conversion, Management has determined based on note conversion history that the conversion value is equal or less than par value of the shares used for conversion thus determining that the fair value of the notes is equal to their face value.
