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False....That is not the reason for it....The reason

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DewmBoom Member Level  Saturday, 02/15/20 12:20:36 AM
Re: PennyTool post# 137463
Post # of 146082 
False....That is not the reason for it....The reason for it is some important business before being late with the 10K, as they won't be able to do it while late.

Remember that the last 8-K on 1/17, does not allow the company to borrow or issue a promissory notes for anything less than 2 million dollars, until after 60 days, unless they converted their shares. The filing at 2/14, effective on 2/10, latest 8-k suggests that the 8-K filed on 1/17 already converts at 0.015 in accordance with this statement:

Quote:
(a) The Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company’s common stock (the “Common Stock”) at a price (“Fixed Conversion Price”) of $0.015 per share.




These guys quickly converted to shares because they did not want to lose that opportunity.

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