On February 15, 2018, the Company issued a Convertible Note to Power Up Lending Group Ltd for a principle amount of $38,000 with an interest rate of 8% per annum with a default interest rate of 22%. The note matures on November 30, 2018. 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.
I have zero confidence that this note will not be converted, but it can't be converted until the middle of next month. I still think DD shows it is likely that Sterling gets done soon. Not everyone agrees with what I say but I just try to state the facts as I see them. All the best.
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