Thursday, April 29, 2021 4:44:21 PM
Haven't seen an 8k out until now....if debtor is willing to wait must mean big things ahead. Balance sheets getting cleaned out and more filings to come I'm sure.
https://www.otcmarkets.com/filing/html?id=14906469&guid=nhPnUKN3lYIei3h
Item 3.02. Unregistered Sales of Equity Securities.
On April 29, 2021, the Company issued a convertible promissory note in the principal amount of $75,000 to an unaffiliated investor to settle outstanding debts to creditors. The note bears interest at the rate of 9.5% per annum and is due and payable in two years. The note is convertible into shares of the Company’s common stock at $0.05 per share and is redeemable at the principal amount plus accrued unpaid interest after one year, at the Company’s option. The note also contains a 4.99% limitation on the investor’s beneficial ownership of the Company’s outstanding common stock upon conversion.
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