AI
Tuesday, August 14, 2018 7:23:21 AM
BGFT - Current Report Filing Form 8-K
Date of Report
August 10, 2018
Tue 08/14/2018 @ 6:12AM
_________________________________________________________________
On August 10th, 2018,
Bigfoot Project Investments
finalized negotiations with EMA Financial.
The settlement agreement terms
settle the outstanding convertible note for $40,000
The interest rate
reverts to the original 10%
from the convertible note
and the conversion rate
reverts to the 50% discount rate.
Additional terms include a leak out agreement
specifying that in the event of any conversion
EMA agrees to sell up to 15%
of the average daily value
of the Company’s common stock.
No conversions have been executed
on the settlement agreement.
On August 13th, 2018,
Bigfoot Project Investments
entered final negotiations with a merger candidate
after presented with financials
showing 3 million in gross revenue for 2017
and year to date 2018 gross revenue of 3.7 million.
Once the terms are finalized
the Companies will be executing a Letter of Intent
and entering into the due diligence process
to determine final terms on the merger.
In connection with the foregoing,
the Company relied upon the exemption from registration
provided by Section 4(2) of the Securities Act of 1933,
as amended,
for transactions not involving a public offering.
https://ih.advfn.com/p.php?pid=nmona&article=78067640
http://www.investorpoint.com/stock/BGFT-Bigfoot+Project+Investments+Inc/sec-filings/
________________________________________________________________
Date of Report
August 10, 2018
Tue 08/14/2018 @ 6:12AM
_________________________________________________________________
On August 10th, 2018,
Bigfoot Project Investments
finalized negotiations with EMA Financial.
The settlement agreement terms
settle the outstanding convertible note for $40,000
The interest rate
reverts to the original 10%
from the convertible note
and the conversion rate
reverts to the 50% discount rate.
Additional terms include a leak out agreement
specifying that in the event of any conversion
EMA agrees to sell up to 15%
of the average daily value
of the Company’s common stock.
No conversions have been executed
on the settlement agreement.
On August 13th, 2018,
Bigfoot Project Investments
entered final negotiations with a merger candidate
after presented with financials
showing 3 million in gross revenue for 2017
and year to date 2018 gross revenue of 3.7 million.
Once the terms are finalized
the Companies will be executing a Letter of Intent
and entering into the due diligence process
to determine final terms on the merger.
In connection with the foregoing,
the Company relied upon the exemption from registration
provided by Section 4(2) of the Securities Act of 1933,
as amended,
for transactions not involving a public offering.
https://ih.advfn.com/p.php?pid=nmona&article=78067640
http://www.investorpoint.com/stock/BGFT-Bigfoot+Project+Investments+Inc/sec-filings/
________________________________________________________________
