On February 6, 2019, the Company issued a Convertible Note to More Capital, LLC for a principal amount of $97,750, net to the Company of $75,000, with an interest rate of 10% per annum with a penalty interest rate of 22%. The note matures on August 9, 2019. The note is convertible by the holder at a discount of 50% of the average of lowest three trading price of the Company’s stock for the 20 days prior to the conversion. As of March 31, 2019, the Company owed More Capital principal of $plus interest of $1,893.25. As of March 31, 2019, the Company owed More Capital principal of $106,409 plus interest of $3,781
In the last quarter there is a new note that probably is used to pay back Chip, I’m just speculating by the way. That this was used to pay back chip.
