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Re: Today Is Tomorrow post# 4580

Friday, 10/18/2019 3:17:29 PM

Friday, October 18, 2019 3:17:29 PM

Post# of 20574
It's worse than that assuming this is the note: On August 6, 2019, we issued a convertible promissory note to a third party for cash proceeds of $50,000. The note is in the amount of $53,000, and it matures on July 31, 2020. The note bears interest at 8% per year and is convertible into shares of our common stock at a 39% discount to our lowest trading price over the preceding 15 days with a floor on the conversion price of $0.00005.

Doing the math:
$53,000 divided by ($0.0009/ share x 39%) = 151 million shares