InvestorsHub Logo
Followers 120
Posts 10759
Boards Moderated 1
Alias Born 09/21/2016

Re: None

Tuesday, 04/16/2019 2:29:42 PM

Tuesday, April 16, 2019 2:29:42 PM

Post# of 21040
!The die has been cast....and if you can't see such....you are blind as a bat!!!!!!!!!!!!!!!! They fixed the clerical mistake related/non-related notes in the main body. They still have mistakes in the subsequent section. And...that bizarre Oct 17 note is still out there...? What's puzzling is that they threw good money at it this time around to preserve it until May 19th. $150k interest on $150k principal. I get why the lender would want that given the conversion discount. It also seems evident that they do not want it converted.....so apparently....they wish to just pay it off with new money.

If you followed my math here:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144866281

You should notice I left out that Oct 17 note ...because it should have been gone. With that said....excluding such..the numbers work out. To expand on such...there aint' nothing left!

I do not expect that strange Oct note to convert at this time....it would make zero sense...and expect such to be paid off. Just like they paid the interest off. I do not understand why they deferred such..........there must be a reason though.


Like I said......it's all about Hpur Inc and crew........and if you can not see what is happening..too bad

On October 29, 2018, the Company borrowed $100,000 from Hypur Inc., which is a related party. The loan is due and payable on January 28, 2019 and bears interest at 18% per annum. If an Event of Default remains uncured after 30 days Holder has the option to convert the outstanding principal balance and any accrued but unpaid interest, into unrestricted $0.001 par value common stock of the Borrower. Upon default the note bears a default rate of interest of 24% per annum as part of the default terms of this note.The principal balance owed on this loan at December 31, 2018 was $100,000.



On November 21, 2018, the Company borrowed $70,000 from Hypur Inc., which is a related party. The loan is due and payable on February 19, 2019 and bears interest at 18% per annum. If an Event of Default remains uncured after 30 days Holder has the option to convert the outstanding principal balance and any accrued but unpaid interest, into unrestricted $0.001 par value common stock of the Borrower. Upon default the note bears a default rate of interest of 24% per annum as part of the default terms of this note. The principal balance owed on this loan at December 31, 2018 was $70,000.



On November 26, 2018, the Company borrowed $75,000 from Hypur Inc., which is a related party. The loan is due and payable on February 24, 2019 and bears interest at 18% per annum. If an Event of Default remains uncured after 30 days Holder has the option to convert the outstanding principal balance and any accrued but unpaid interest, into unrestricted $0.001 par value common stock of the Borrower. Upon default the note bears a default rate of interest of 24% per annum as part of the default terms of this note. The principal balance owed on this loan at December 31, 2018 was $75,000.