It gets much worse - plenty of other debt with similar terms. All in all probably converts into 300 million shares - maybe more.
On October 11, 2017, the investor purchased a 12% Convertible Promissory Note, in the principal amount of $48,000.
On November 10, 2017, the Company issued a convertible promissory note (the “Note”), with a face value of $299,000,
On December 12, 2017, a third-party investor purchased a convertible note (the “Convertible Note”). The Convertible Note carries a 10% annual interest rate and is in the principal amount of $50,000.
On February 1, 2018, n a third-party investor purchased a convertible note. The Convertible Note carries a 10% annual interest rate and is in the principal amount of $35,000.
On February 8, 2018, the Company completed the closing of a private placement financing transaction. Pursuant to the Purchase Agreement, the investor purchased a 12% Convertible Promissory Note (the “Note”), dated February 8, 2018, in the principal amount of $58,300.
On March 2, 2018, the Company completed the closing of a private placement financing transaction (the “Transaction”) when a third-party investor purchased a convertible note (the “Convertible Note”). The Convertible Note carries a 10% annual interest rate and is in the principal amount of $50,000.
On March 26, 2018, the Company completed the closing of a private placement financing transaction when a third-party investor purchased a convertible note. The Convertible Note carries a 10% annual interest rate and is in the principal amount of $50,000.
On March 27, 2018, the Company completed the closing of a private placement financing transaction when a third-party investor purchased a convertible note. The Convertible Note carries a 10% annual interest rate and is in the principal amount of $25,000
On April 8, 2018, the Company issued a convertible promissory note (the “Note”), with a face value of $95,450,
On April 18, 2018, the Company issued 549,451 shares of common stock in satisfaction of $10,000 of principal pursuant to a conversion notice received by the Company from a convertible debt holder.
On May 11, 2018, the Company issued a convertible promissory note (the “Note”), with a face value of $100,000, maturing on May 11, 2019,
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