Home > Boards > Free Zone > User's Groups > MOMOSTOCKS (MOMO)

$FTXP Financing Update: The Company closed on a

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
jedijazz Member Profile
Member Level 
Followed By 1,191
Posts 204,597
Boards Moderated 52
Alias Born 12/07/09
160x600 placeholder
Stock Futures Cling to Gains After Disappointing Jobs Report
U.S. stock futures clung to their early gains and government-bond yields declined after disappointing jobs data suggested a potential slowdown in the pace of the economic recovery.
Correction to Stock Market Article
Cineworld Faces Shareholder Revolt Over Pay Policy -- Update
Top Company News of the Day
U.S. Nonfarm Payrolls Up 266K, Unemployment Rose to 6.1% in April -- Update
U.S. Nonfarm Payrolls Up 266K in April, Unemployment Rose to 6.1%
Barclays Activist Investor Edward Bramson Sells Entire Stake -- 2nd Update
Chinese Consumers Are Opening Their Wallets Again
UK Public Health Agency Advises Under-40s to Get Alternative to AstraZeneca Vaccine
Cigna Raises Full-Year Guidance
Cigna 1Q Revenue Grows; Per-Share Profit Rises Despite Covid-19 Costs
Where Is My Tax Refund?' Millions of Americans Are Waiting for the IRS to Pay Up
Derby's Take: Firm Measurements of Fed's Bond Buying Success Prove Elusive
Strong Expected Job Growth in April Set to Propel Economy
U.S. Stock Futures Pause Ahead of Jobs Data
Prudential Plans to Decarbonize Assets Portfolio
Adidas Surges After China Sales Drove 1Q Consensus Beat -- Earnings Review
Barclays Activist Investor Edward Bramson Sells Entire Stake -- Update
Women Are Losing out on Highest-Paid Finance Roles -- Financial News
Siemens 2Q Net Profit Jumps, Boosted by Flender Sale and Industrial Businesses -- Update
Total: Ordinary and Extraordinary Shareholders' Meeting on May 28, 2021
jedijazz Member Level  Thursday, 04/29/21 08:09:04 AM
Re: None
Post # of 10662 
$FTXP Financing Update: The Company closed on a financing with Labrys Fund, L.P. for a 12% convertible promissory note in the principal amount of $535,000.00, providing the Company with a net of $452,000.00 after 10% original issue discount (OID), legal fees, and broker fees (the “Note”). The loan maturity date is March 18, 2022, and is the date on which the principal sum, the OID as well as any accrued and unpaid interest and other fees, shall be due and payable. If the Note is not repaid or refinanced, the Note is convertible into shares of the Company’s common stock at a fixed price of $0.0055 per share. The Note also has full warrant coverage with an exercise price that is 110% of the closing stock price the day prior to the Issuance Date, subject to down round protection (non-toxic) and reverse split adjustment with respect to exercise price. The warrants have a 5-year term and will allow for the purchase of 116,304,347 shares at a price of $0.0046 per share.

ALL comments are In My Own OPINION. Please Use Your Own DD for Stock Trading.
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences