Sunshine Biopharma Inc (SBFM)

[MJP2020]

The note payable you are talking about is this one from the most recent 10Q. It’s bot convertible. So i have no idea where people are getting their information from and why they keep saying it will cause dilution!

“A Note Payable dated December 31, 2018 having a Face Value of $136,744 and accruing interest at 12% was due December 31, 2019. On October 1, 2019, the holder of this note requested to convert $30,000 in principal amount into 1,500,000 shares of Common Stock, leaving a principal balance $106,744. On December 31, 2019, the Company renewed the remaining principal balance of this Note, together with accrued interest of $15,509 for a 12-month period. The new Note has a Face Value of $122,253 and accrues interest at 12%. This Note is nonconvertible and matures on December 31, 2020”.