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Alias Born | 11/12/2016 |
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Friday, January 17, 2020 7:04:56 PM
39% of 20 day low (.0016) is .000976
$43,895 / .000976 = 45 million shares
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$CLWD Notes Activated
January 16th/2020 after 6 month restriction
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On July 16, 2019 the Company issued a promissory note (the “July 16, 2019 Note”) in the amount of $43,000 at which time the company received of $40,000 the remaining $3,000 was retained by the lender to cover legal and administrative cost. The proceeds were used to cover operational expenses. The July 16, 2019 Note bears interest at a rate of 10% per year, is payable on July 10, 2020, and is convertible into common stock 180 days after issuance. The conversion price is calculated as a 39% discount to the average of the two lowest trading prices during the 20 trading days prior to conversion. The balance of the July 16, 2019 Note, as of September 30, 2019 is $43,895, which includes $895 of accrued interest.
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