Phoenix Rising Companies Inc (PRCX)

[DaReal]

Yep, one of the Notes has a $1 price tag...
But the others don't according to the Company Filing.

NOTE 8 - CONVERTIBLE NOTE
During the three months ended March 31, 2020, the Company issued a total principal amount of $112,750 convertible note for cash proceeds of $90,000. The terms of convertible note are summarized as follows:

•Term: 10 months;
•Annual interest rates: 12%;
•Convertible at the option of the holders at any time;
•Conversion prices are based on discounted (35% - 50% discount) lowest trading prices of the Company’s shares during various periods prior to conversion.


Convertible Notes – Issued during the year ended December 31, 2019

During the year ended December 31, 2019, the Company issued a total principal amount of $338,000 convertible notes for cash proceeds of $310,000. The convertible notes were also provided with a total of 112,500 warrants. The terms of convertible notes are summarized as follows:

•Term: 12 months - 18 months;
•Annual interest rates: 8% - 10%;
•Convertible at the option of the holders at any time or 180 days from issuance.
•Conversion prices are based on discounted (35% - 40% discount) lowest trading prices of the Company’s shares during various periods prior to conversion. Certain note has a fixed conversion price of $1.

Q3 will show how much got converted starting from July. Thats when the Price was interesting for the toxic Lenders.

If you are lucky you can get the actual SS from the TA, but many don't share this Info with Shareholders. Maybe worth a try...