Blue Line Protection Group Inc (BLPG)

[OMOLIVES]

? You need to read. This is just a partial:

On January 18, 2019, the Company entered into, an convertible promissory note with Hypur Ventures, L.P., a Delaware limited partnership (the “Hypur Ventures”) which is a related party pursuant to which the Company to borrow $250,000. The loan was due 10 days from the date of issuance and bears interest at 18% per annum. The note is convertible into common stock at a price at the lower of $.0002 per share or 60% of the closing price of the common stock prior to conversion. Upon default, the note bears a default rate of interest of 24% per annum. The note was discounted for a derivative (see note 8 for details) and the discount of $167,079 is being amortized over the life of the note using the effective interest method resulting in $167,079 of interest expense for the six months ended June 30, 2019. As of June 30, 2019 the note is currently in default.



On March 5, 2019, the Company entered into, an convertible promissory note with Hypur Ventures, L.P., a Delaware limited partnership (the “Hypur Ventures”) which is a related party pursuant to which the Company to borrow $50,000. The loan was due 10 days from the date of issuance and bears interest at 18% per annum. The note is convertible into common stock at a price at the lower of $.0002 per share or 60% of the closing price of the common stock prior to conversion. Upon default, the note bears a default rate of interest of 24% per annum. As of June 30, 2019 the note is currently in default.

Simple math dictates $300,000 divided by .0002 equates to 1.5 Billion shares..less interest and default. That is only... "for that". Compound such with other "related party debt"(do not forget the preferred shares).

*post consolidation would equate to 1.5 Billion divided by 20 ...and as such would be above the current authorized in Nevada. Things change though through any type of restructuring.