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No converts any time after June 30, 2019

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nodummy   Friday, 05/22/20 08:37:45 PM
Re: Skiluc post# 22933
Post # of 30624 
No converts any time after June 30, 2019

read the section taken from the BITCF filings.



Mature date is when it comes due to pay back not when it becomes convertible into stock at the owners request.


Quote:
On December 31, 2018, the Company entered into an agreement to issue 600 million BIT tokens, a digital currency, to Kronos Advances Technologies Inc. (Kronos), a Company trading on the OTC Pink Open Market in the United States of America, in exchange for a $1 million convertible promissory note. The note bears simple interest at 5% per annum, matures on December 31, 2023, and is convertible to common shares of Kronos at any time after June 30, 2019 at a price per share that is 80% of the market price at the time of conversion. Conversion is subject to certain restrictions, including that the holder is not entitled to convert any portion of the note that would result in beneficial ownership by the holder of more than 9.99% of the common share of Kronos.







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