InvestorsHub Logo
Followers 36
Posts 2424
Boards Moderated 0
Alias Born 03/25/2009

Re: None

Wednesday, 02/28/2018 10:17:24 AM

Wednesday, February 28, 2018 10:17:24 AM

Post# of 15838
Last year the company issued 15 million shares for 15,000 in debt. Maybe that's what you guys are seeing here. That 15k is now worth half a million for the debt holder.

A little hard to understand why they would give away 15% of of the company if they believed it would eventually be worth hundreds of millions, but maybe that was before everything happened. When did they first announce the deal?

Not necessarily bashing just trying to shed some light on the situation.

182,700 Note payable originated on May 1, 2008, matured on November 30, 2013, currently due on demand, bears interest of 6% per annum, the Company issued 15,657,000 and 1,000,000 shares of common stock to pay off $15,657 and $1,000 in 2017 and 2016, respectively, interest accrued on this note was $45,562 and $35,637, respectively