Frelii, Inc. (FRLI)

[enzymesarecool]

Desparate Financing at Ridiculous Rates

The company just took out a loan at 20 percent discount plus 10 percent interest and the entire amount can be converted into shares at 20 percent discount to lowest two closing prices.

So, the company got 200,000. In a year they will owe 240,000 based on initial discount plus 20,000 interest for a total of 260,000 and the lender can convert that into about 320,000 worth of shares.

Does this sound like the kind of financing a company with any kind of solid business opportunity would do?

This thing is going to zero really quick. If you have shares, get out before this person converts and floods the market with millions of shares trying to get any money back.

Buyer and holder beware!!!