Home > Boards > Free Zone > User's Groups > Profit Penny Pick Club

$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 1,194
Posts 206,588
Boards Moderated 52
Alias Born 12/07/09
160x600 placeholder
Intel Taps New Leaders in Organizational Shuffle
By Kimberly Chin
Wheat Drops as Rainy Forecast Offsets Crop Quality Concerns
Top Company News of the Day
Front Month Nymex Natural Gas Rose 2.10% to Settle at $3.2580 -- Data Talk
Front Month Nymex RBOB Gasoline Rose 1.25% to Settle at $2.2243 -- Data Talk
STOXX Europe 600 Index Ends 0.26% Higher at 456.42 -- Data Talk
FTSE 100 Index Ends 0.39% Higher at 7090.01 -- Data Talk
DAX Ends 0.21% Higher at 15636.33 -- Data Talk
CAC-40 Index Ends 0.14% Higher at 6611.50 -- Data Talk
STOXX Europe 50 Index Ends 0.11% Higher at 3550.40 -- Data Talk
EURO STOXX 50 Index Ends 0.26% Higher at 4123.13 -- Data Talk
Audi Will Phase out Internal Combustion Engines by 2033
FTSE 100 Closes Higher Amid Gains for Oil
U.S. Crude-Oil Stockpiles Likely to Fall in DOE Data, Analysts Say
Spain Sells EUR8 Billion in New 10-Year Bond -- Update
Tupperware Shares Rise 14% on Debt Repayment, Share Buyback
U.S. Mid-Atlantic Manufacturing Activity Picks Up in June -- Richmond Fed
Personal Income Seen Down 2.7% in May -- Data Week Ahead
UK Boards Braced for New 'Golden Age of Activism' in Wake of Brexit, Pandemic -- Financial News
FTSE Rises, Oil Stocks Gain as Tighter Supply Boosts Brent
VW's Seat to Close Spanish Plant for Three Days on Lack of Chips
Slovenia Hires Banks for EUR1 Billion Debut Sustainability Bond Issue
Targovax Gets FDA Fast-Track Designation for ONCOS-102 in Melanoma
EU Approves Two More Manufacturing Sites for Pfizer-BioNTech Covid Vaccine
Oshkosh to Hire 1,000 to Make USPS Vehicles in S.C.
jedijazz Member Level  Thursday, 05/13/21 11:55:23 AM
Re: None
Post # of 2128 
$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
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences