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Wednesday, 04/21/2021 7:54:37 AM

Wednesday, April 21, 2021 7:54:37 AM

Post# of 31242
not sure how this really works but I was looking for dilution and saw this. these notes matured in 6 months. my question is could they now hit the market? this is in the last 10Q
"Between September 27, 2019 and July 20, 2020, AAT issued convertible notes payable with an aggregate face value is of $357,750 with a coupon rate of 6%. The
notes have a maturity date of six months. The agreements provided that in the event AAT is merged into Banjo (“Company”), at any time prior to the Maturity
Date, the holder has the option to convert the principal balance and any accrued interest to common stock of the Company at a conversion price of $.0033 per
share. In the event the holder does not elect to convert the note prior to maturity, the note will automatically convert to common stock at a price of $.0033 per
share."
"Between March 27, 2020 and November 10, 2020, holders of the convertible notes converted $344,450 in principal and $10,336 in accrued interest into
107,510,927 shares of common stock. As of December 31, 2020, 90,919,829 shares have been issued. The remaining 16,591,097 is recorded in common stock to
be issued."
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