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petermic

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petermic

Re: None

Wednesday, 10/23/2019 8:48:11 PM

Wednesday, October 23, 2019 8:48:11 PM

Post# of 11958
Would someone please explain to me about the 'net of discount' on KPAY's convertible note liability.

The 10Q shows convertible notes of $1,297,750 but it says this is net of discount of $1,553,928.

What does this mean? How did it come to be this?

There's also a 'derivative liability' of $3,720,000. What is this?

Thanks.
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