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Thursday, August 09, 2018 9:57:30 PM
Looks like the lowest price from last 20 days was .006. 65% of that is $0.004. $299,000 note converts into 74.4 million shares.
On November 10, 2017, the Company issued a convertible promissory note with a face value of $299,000, maturing on January 12, 2019, and stated interest of 10% to a third-party investor. The note is convertible at any time after ninety (90) days of the funding of the note into a variable number of the Company's common stock, based on a conversion ratio of 65% of the lowest trading price for the 20 days prior to conversion. The note was funded on November 10, 2017, when the Company received proceeds of $250,000, after disbursements for the lender’s transaction costs, fees and expenses. The Note also requires daily payments of $700 per day via ACH through January 12, 2019, when all unpaid principal and interest is du
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