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Re: Cummins88 post# 46919

Wednesday, 07/07/2021 1:19:40 AM

Wednesday, July 07, 2021 1:19:40 AM

Post# of 110328
So, you seem to think the company is lying in its most recent Quarterly report (through March 31, 2021)??

5. Convertible Notes Payable
On January 15, 2016, the Company received $311,000 from Whitecastle Capital Corp. for a convertible note with an interest rate of 8% per annum and has conversion price of $0.05, after a 2 year period, and a 4 year term to maturity. At the option of the holder, the note was increased by $600,000 in 2020. As of March 31, 2021, the total amount of the debt outstanding with accrued interest was $824,946.



They are actually converting at 0.0004. Do the math. They get shares at essentially nothing....and sell to gullible investors at 11 cents a share! This note will take forever to convert completely. The AS will need to be raised, very soon.

There was no mine sale. Just debt conversions.......and more debt conversions.....and more debt conversions......enjoy the toxic death spiral!!



Do your own research, use third-party sources, and don't buy into the hype.