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Re: Carjockey2 post# 45667

Tuesday, 09/17/2019 3:40:47 PM

Tuesday, September 17, 2019 3:40:47 PM

Post# of 73938
Excellent example - the company is supposed to have $20 million in revenue but oddly they needed to use toxic financing - real companies don't use toxic financing.

"On August 13, 2019, Ngen issued a convertible promissory note to More Capital, LLC, a Minnesota limited liability company, in the principal amount of $215,000. The note bears interest at 10% per three-month period with balance due and payable on August 15th, 2020.

On August 15, 2019 Ngen issued a convertible promissory note to Carebourn Capital, LP, a Delaware Limited Partnership (“Carebourn Capital”), in the principal amount of $215,000. The note bears interest at 10% per three-month period with balance due and payable on June 28, 2020.

On September 3, 2019, Ngen issued a convertible promissory note to Carebourn Capital in the principal amount of $69,875. The note bears interest at 10% per three-month period with balance due and payable on September 3rd, 2020."

Good ole toxic lender Chip Rice of Carebourn Capital.

Since DCGD doesn't have any assets or revenue - they will need to use toxic funding also.

IG

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