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Thursday, August 19, 2021 8:11:43 AM
"At various times during the six months ended June 30, 2021, the Company entered into convertible notes payable totaling
$323,360 receiving proceeds of $260,000. The terms of the notes range from six to one year, interest ranging from 8-20% and
conversion prices with discounts of up to 50% of the lowest bid prices in days prior ranging from five to 25 days. In addition,
the Company issued $300,000 in convertible notes payable for services for which the terms are similar to those noted above.
In March 2021, a note with $472,431 in principal and $299,456 in accrued interest was sold to a third party for which the
Company entered into a new convertible note of $771,887. Under the terms of the new note agreement, principal of $73,877
is due one year from the date of issuance. The notes bear an interest rate of 10% and mature in one year. The note is
convertible into common stock based upon a 50% discount to the lowest traded price within the 20 trading days preceding the
conversion. The note contains various prepayment and default provisions, similar to those disclosed above.
During the six months ended June 30, 2021, the Company issued 1,936,024,230 shares of common stock in satisfaction of
$1,160,952 in principal and interest. In connection with the conversion, derivative liabilities of $2,037,816 were relieved."
https://backend.otcmarkets.com/otcapi/company/financial-report/297163/content
DiMartino keeps insisting no R/S this year... but he won't have any choice other than an R/S if he continues dumping toxic diluted shares onto the market and ends up driving the pps down to 0.00001 with no bid. Can't raise any more money without an R/S IF that happens.
Unless DiMartino puts his pom poms on and cheerleads the Hell out of $RDAR with significant positive news... might as well start preparing for an inevitable R/S.
A question for DiMartino: "Where the HELL is all the money going? Besides paying himself over half a million per year to run a failing company?"
jmo
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