Followers | 1200 |
Posts | 123400 |
Boards Moderated | 6 |
Alias Born | 05/10/2006 |
![](https://investorshub.advfn.com/uicon/72302.png?cb=1464282557)
Wednesday, May 15, 2019 9:27:00 PM
NOTE 14 - CURRENT CONVERTIBLE NOTES PAYABLE
As of the year ended December 31, 2016, the Company owed $189,895. This balance was reduced dramatically due to our financial review and aggressive negotiations By Chairman Simons. During 2017 the Company issued no new convertible notes payable and it did not issue any common stock in payment of convertible notes. The balance of the convertible notes payable as of May 13, 2019, is $34,329.
This figure was reduced by $9,000 from Dec 31 2017 as part of the SEC case against Ibrahim Almagarby. Upon conclusion of the SEC Investigation the company expects to receive cash, shares, or a combination of both to compensate for Mr. Almagarby’s ill-gotten gains. We do not expect the remaining balances to convert to common shares.
Reliant Coffee Debuts at #271 on the Inc. 5000 List of Fastest Growing Companies - Coffee Service Industry Disruptor Brews Up Exponential Growth Sep 5, 2024 11:51 AM
VAYK Confirms Receiving Revenue from First Airbnb Property with 1.4 Million Annual Revenue Goal • VAYK • Sep 4, 2024 9:34 AM
Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt • MFL • Sep 4, 2024 9:02 AM
Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • INTV • Sep 4, 2024 8:45 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM
PickleJar Launches National "Get on the Bus" Campaign, Unveils Thompson Square Tour Bus Wrap • PKLE • Sep 4, 2024 7:17 AM