Blue Line Protection Group Inc (BLPG)

[OMOLIVES]

OK...the "stop sign" is just an OTC Markets group thing. They are behind on their filings...so OTC uses one of their dumb symbols to let you know such. Those that control the Company can do whatever they please.

First understand that via SEC filings/OTC the authorized share count is 1,400,00,000. Such authorized was consolidated via Nevada(their jurisdiction) over 2 1/2 years ago. You can refer to the header above or look at the Nevada sos. They did every correct step to consolidate shares...first in Nevada...second the pr..and third notified FINRA. At that specific time...unrelated third party debt was still too high...so such was tabled on the FINRA side.

They have not borrowed any money from unrelated third parties since April of 2018. They have not borrowed any related debt since Sept 2019(Hypur Inc). That is very important to note. They are currently running on their own juice.

All of this came about after Galvin became the Chairman in 2018(January). Another important note.

There are two unrelated third party notes left...but there is a very important catch:

On October 18, 2017, the Company borrowed $150,000 from an unrelated third party. The Company paid $15,250 of fees associated with the loan, which was recorded as discount and to be amortized over the term of the debt and was fully amortized as of December 31, 2018. The loan bears interest at a rate of 10% (default interest 24%) and has a maturity date of July 16, 2018. The Holder has the option to convert the outstanding principal and accrued interest into common stock of the Company. The conversion price is the lesser of (1) lowest trading price during the previous 25 days prior to the note agreement or (2) 50% lowest trading price during the 25 days prior to conversion. Covenants: The Borrower shall not, without the Holder’s consent, sell, lease or dispose of any significant portion of its assets outside the ordinary course of business. During the year ended December 31, 2018 the Company paid $150,000 to extend the maturity date until May 11, 2019. During the year ended December 31, 2019, the Company paid $75,000 in extension fees. The note was discounted for a derivative (see note 8 for details) and the discount of $134,750 is being amortized over the life of the note using the effective interest method which was fully amortized as of December 31, 2018. During the year ended December 31, 2019 the holder converted $39,478 of accrued interest into 217,882,455 shares of common stock resulting in a loss of $61,624. As of June 30, 2020 and December 31, 2019 the balance outstanding on the loan is $150,000.

On March 21, 2018, the Company borrowed $45,000 from an unrelated third party. The Company paid $4,500 of fees associated with the loan and had amortized $3,514 of the costs as of December 31, 2018. The note bears an interest rate: 12% (default interest lesser of 15% or maximum permitted by law) and matures on March 21, 2019. The conversion Feature Convertible immediately after the issuance, the Holder has the option to convert the outstanding principal and accrued interest into common stock of the Company. The Conversion price is 55% of the lowest trading price during the 25 Trading Day periods prior to the Conversion. Covenants: The Borrower shall not, without the Holder’s consent, sell, lease or dispose of any significant portion of its assets outside the ordinary course of business. The note was discounted for a derivative (see note 8 for details) and the discount of $40,500 is being amortized over the life of the note using the effective interest method resulting in $31,623 of interest expense for the year ended December 31, 2018. During the year ended December 31, 2019 $23,223 of principle and interest were converted into 84,160,250 shares of common stock resulting in a loss of $32,858. During the year ended December 31, 2019 the Company recorded amortization expense of $9,863. As of June 30, 2020 and December 31, 2019 there was a balance remaining on the loan of $22,198.

You should see something there. Also..anyone that comes here and cries dilution is completely incorrect. Look at those last two notes...the dates...and the other very special thing'..;).

Think about that for a while...and come back to me. Will take this slow.

https://www.sec.gov/Archives/edgar/data/1416697/000149315220024669/form10-q.htm