You seriously think they can wait half a year? Food for thought.. In 1 month $AFOM issued 380 million shares and paid off $26k in debt. In the last reported quarter, 5 notes to GS partners that are in default, racked up $90,000 in interest. That 380 million shares issued in 1 month paid off 26k. Where we are @, it would take a billion shares alone to pay off the interest on those 5 notes accrued in just a short period of default. I see Auctus is also getting a whopping 24% interest on its notes.
Between January 14, 2020 and February 11, 2020, the Company issued an aggregate of 381,021,607 common stock to various note holders upon the conversion of $24,322 total principal amount, $1,258 total accrued interest and $1,500 conversion fees pursuant to the conversion terms of the convertible notes
Auctus Fund, LLC
A convertible note to Auctus Fund, LLC entered into on July 18, 2017 and due on April 18, 2018 is now past maturity. The total amount in arrearage, including principal and accrued interest is $86,974. A convertible note to Auctus Fund, LLC entered into on September 25, 2017 and due on June 25, 2018 is now past maturity. The total amount in arrearage, including principal and accrued interest is $160,495. A convertible note to Auctus Fund, LLC entered into on November 27, 2018 and due on May 27, 2019 is now past maturity. The total amount in arrearage, including principal and accrued interest is $281,054. These notes are past maturity, but it is not in default as no notice of default was received by the Company. However, default interest of 24% is being accrued from the default date.
GS Capital Partners, LLC
A convertible note to GS Capital Partners, LLC entered into on October 31, 2018 and due on October 31, 2019 is now in default. The total amount in arrearage, including principal and accrued interest is $285,096. A convertible note to GS Capital Partners, LLC entered into on November 6, 2018 and due on November 6, 2019 is now in default. The total amount in arrearage, including principal and accrued interest is $136,373. A convertible note to GS Capital Partners, LLC entered into on November 23, 2018 and due on November 23, 2019 is now in default. The total amount in arrearage, including principal and accrued interest is $155,496. A convertible note to GS Capital Partners, LLC entered into on December 13, 2018 and due on December 13, 2019 is now in default. The total amount in arrearage, including principal and accrued interest is $167,967. A convertible note to GS Capital Partners, LLC entered into on December 28, 2018 and due on December 28, 2019 is now in default. The total amount in arrearage, including principal and accrued interest is $264,539. These notes that became due during the three months ended December 31, 2019 incurred default penalties of $90,000 in total.
