Friday, May 22, 2020 1:20:08 AM
During April 2020, the company entered into a six month 5% convertible note with a third party for $247,500. The note attracted approx. 10% OID and will be convertible after six months at a 35% discount. The company retains the right to buy back the note during the first six months.
During May 2020, convertible note holders elected to convert a total of $139,500 of note principal and $4,000 in accrued interest and $500 in fees into 4,430,768 shares of the Company’ common stock at approximately $0.03 per share."
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