%1.00 GAIN? INTV REALLY GOING NOW!! BTW THE PETTA DEAL IS OLD REGURGITATED NEWS! HE ALREADY DELETED IT OFF THE INTV WEB PAGE BLOG!!
SOME SEEM TO HAVE SHORT TERM MEMORY! TIME FOR STEVE TO PAY BACK ALL THE MONIES HE BORROWED FOR HIS FAILED CRYTO SCAM!! HOPE HE HAS A SECRET STASH! HEY WHAT HAPPEN TO THE CRYTO WALLET HE TWEETED ABOUT WITH BALANCE SCREEN SHOTS? SEEM TO HAVE VANISHED OUT OF THIN AIR!
ANYONE HERE CAN DO WHAT HE DOING NOW! JOINING MINING POOLS AND BUY MINING CONTRACTS? NO MORE MINIG FACILIIES FOR STEVE!! LOL!! COULNDT AFFORD THE RENT AND KEEP THE LIGHTS ON!! WILL BE A STINKY PINKY MONTHS COMING!!
I AM CONFUSED BTC PROFTABLE BELOW 5K? CEO SAYS JUST ABOUT ANYTHING!!
The Company anticipates placing an additional purchase order for 340 units in early January after completing the installation and 60 days testing of incoming units.
Steve Rubakh, CEO of Integrated Ventures, Inc comments: “This fully paid purchase clearly indicates our confidence and the commitment to agressively pursue opportunities in crypto currency market. With the recent market price of $4,250.00 per Bitcoin, the mining business is extremely profitable.
MORE FAKE LOIs FROM STEVE:
Termination of Letter of Intent
On June 5, 2017, we had entered into a letter of intent with AgroPharma Laboratories ("APL"), subject to due diligence and execution of definitive agreements, to acquire the assets of a manufacturer and distributor of industrial chemicals, for an estimated purchase price of $350,000. After performing customary due-diligence research, the Company decided not to pursue this acquisition due to the number of reasons, including extensive liabilities, high debt level, monies owed to local government, outstanding loans to major shareholders, high cost of upgrading, replacing or repairing of manufacturing equipment, as well the uncertaintity related to company's ability to renew certain business and manufacturing licenses. On August 29, 3017, the Company had notified AgroPharma Laboratories that original Letter of Intent has been canceled. The Company intends to form a wholly-owned subsidiary under the name of Agro Pharmacia, Inc to commence operations in Puerto Rico in partnership with another, well established manufacturing and distribution partner.
PAY UP STEVO:
On April 16, 2018, the Company entered into an Asset Purchase Agreement (the “Agreement”) with digiMine LLC (the “Seller”) for the purchase of Seller’s Mining Equipment located in Marlboro, New Jersey, the principal assets of the Seller’s business consisting of 150 Bitmain Mining Machines (“Equipment”); all of Seller's or its Affiliates' right, title and interest in, the lease for the premises on which Seller’s business operates, all obligations under which we assumed at the closing on April 18, 2018; all books and records pertaining to ownership of the Equipment and Seller’s business as applicable; and cash assets of $175,000.
We also entered into a separate Security and Pledge Agreement, dated as of April 13, 2018, securing our obligations to the Seller under the Agreement.
Seller has the right (the “ Put-Back Right ”), at any time commencing April 1, 2019, to require that the Company redeem for cash any of Seller’s then-outstanding Preferred Shares at a redemption price equal to 72% of the Shares. The Conversion Amount on execution is equal to $1,200,000 (the “ Put-Back Price ”) of such Series B Preferred Shares; provided , that the Put Back Right expires with respect to any share of Series B Preferred stock at such time as the Shares for such Series B Preferred Shares are registered for resale. Each Series B Preferred Share for purposes of the Put-Back Price is equal to a fixed price of One Hundred Dollars ($100.00) per share.
ALOT OF NOTES COMING UP FOR STEVO 2019 HE BETTER DO SOMETHING FAST!
Convertible Note issued to Geneva Roth Remark Holdings, Inc.
On September 17, 2018, the Company issued a convertible Promissory Note in the principal amount of $128,000 to Geneva Roth Remark Holdings, Inc. (the “Holder”), pursuant to a Securities Purchase Agreement dated September 17, 2018 between the Company and the Holder. The Note is due September 17, 2019, and bears interest at the annual rate of ten percent (10%) per annum. In the Event of Default under the Note, additional interest will accrue from the Maturity Date or the date of the Event of Default at the rate equal to the lower of 24% per annum or the highest rate permitted by law. The Holder shall have the right from time to time, and at any time during the period beginning on the date which is one hundred seventy (170) days following the date of the Note and ending on the later of: (i) the Maturity Date and (ii) the date of payment of the Default Amount (as defined in Article III of the Note), each in respect of the remaining outstanding principal amount of the Note to convert all or any part of the outstanding and unpaid principal amount of the Note into fully paid and non-assessable shares of Common Stock. The "Variable Conversion Price" shall mean 70% multiplied by the Market Price(as defined in the Note).
Under the Note, events of default include a default in payment of any amount due under the Note; a default in the timely issuance of underlying shares upon and in accordance with the terms of the Note; bankruptcy; failure by the Company to comply with the reporting requirements of the Securities Exchange Act of 1934, as amended; an event resulting in the common stock of the Company no longer being listed or quoted on a trading market, or cross defaults on Other Agreements (as defined in the Note).
In the event of a Default, the Default Amount due is an amount equal to the greater of (i) 150% times the sum of (w) the then outstanding principal amount of the Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the date of payment (the “Mandatory Prepayment Date”) plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and/or (x) plus (z) any amounts owed to the Holder pursuant to Section 1.4(e) of the Note. If the Company fails to pay the Default Amount within five (5) business days of written notice that such amount is due and payable, then the Holder shall have the right at any time, so long as the Company remains in default (and so long and to the extent that there are sufficient authorized shares), to require the Company, upon written notice, to immediately issue, in lieu of the Default Amount, the number of shares of Common Stock of the Company equal to the Default Amount divided by the Conversion Price then in effect.
Convertible Note issued to Armada Investment Fund, LLC
On September 21, 2018, the Company issued a convertible Promissory Note in the principal amount of $52,000 to Armada Investment Fund, LLC (the “Holder”), pursuant to a Securities Purchase Agreement dated September 21, 2018 between the Company and the Holder. The Note is due September 21, 2019, and bears interest at the annual rate of eight percent (8%) per annum. In the Event of Default under the Note, additional interest will accrue from the Maturity Date or the date of the Event of Default at the rate equal to the lower of 24% per annum or the highest rate permitted by law. At any time after 31 days after the Closing Date, until the Note is no longer outstanding, this Note shall be convertible, in whole or in part, into shares of Common Stock at the option of the Holder, at any time and from time to time at the Conversion Price. The conversion price for the principal and interest in connection with voluntary conversions by the Holder shall be 70% multiplied by the Market Price.
Under the Note, events of default include a default in payment of any amount due under the Note; a default in the timely issuance of underlying shares upon and in accordance with the terms of the Note; bankruptcy; failure by the Company to comply with the reporting requirements of the Securities Exchange Act of 1934, as amended; an event resulting in the common stock of the Company no longer being listed or quoted on a trading market, or cross defaults on Other Agreements (as defined in the Note).
In the event of a default, the Mandatory Default Amount under the Note is the sum of (a) the greater of (i) the outstanding principal amount of this Note divided by the Conversion Price on the date the Mandatory Default Amount is either (A) demanded (if demand or notice is required to create an Event of Default), (B) otherwise due, or (C) paid in full, whichever is lowest, multiplied by the VWAP on the date the Mandatory Default Amount is either (x) demanded, (y) due, or (z) paid in full, whichever is highest, or (ii) 120% of the outstanding principal amount of this Note, plus, (b) all other amounts, costs, expenses and liquidated damages due in respect of this Note.
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Convertible Note issued to BHP Capital NY, Inc.
On September 21, 2018, the Company issued a convertible Promissory Note in the principal amount of $52,000 to BHP Capital NY, Inc. (the “Holder”), pursuant to a Securities Purchase Agreement dated September 21, 2018 between the Company and the Holder. The Note is due September 21, 2019, and bears interest at the annual rate of eight percent (8%) per annum. In the Event of Default under the Note, additional interest will accrue from the Maturity Date or the date of the Event of Default at the rate equal to the lower of 24% per annum or the highest rate permitted by law. At any time after 31 days after the Closing Date, until the Note is no longer outstanding, this Note shall be convertible, in whole or in part, into shares of Common Stock at the option of the Holder, at any time and from time to time at the Conversion Price. The conversion price for the principal and interest in connection with voluntary conversions by the Holder shall be 70% multiplied by the Market Price.
