Auscrete Corporation (ASCK)

[papadedavid]

I think this was misunderstood...The remaining 15K debt was as of 9/18...the date of the meeting. I'd say it's already done.

Item 8.01. Other Events

Auscrete Corporation CEO John Sprovieri had called an extraordinary Board Meeting held at 11:00 AM on September 18, 2019 at the Company's Corporate Headquarters in Goldendale WA. The meeting was called to update and discuss some issues addressed at the previous board meeting.

The Agenda items for discussion were as follows:

Item 1. Consider a further reduction of Company Authorized Shares from 25% to 50%.

Item 2. Company Note Conversion Progress.

Resolved

1. CEO Sprovieri proposed amending the last meeting's consideration of modifying the 25% reduction of the Authorized Shares to 50% which now equates to a reduction of 10 billion shares in the authorized capital. It was resolved that follow up will be undergone with the Company's Lawyer to move forward with this process.

2. Current purchased convertible notes debt is steadily declining. At the time of this meeting, the Company still had the following debt.

Since the last meeting, Current Converting Aged debt is at $15K, down from $43.6K 2 weeks ago.

There is still $13K due in Nov. and $25K in Dec.

There is still the most recent Convertible Debt note for $40,000 due in February, 2020

Long Term Loan remaining $160,000 due late 2020.