Friday, October 08, 2021 8:52:56 AM
Ok, that is possible on why that noted defaulted, I don't really understand why specifically on March 23rd though and that was not mentioned in the last 10Q anywhere (I understand the reporting period was as of 1/31/2021).
But onto to the more important point about the January 12, 2021 note. If it was paid off it should have been disclosed in this section like the other 3 bolded below that converted in June. But it is not. It could be an oversight, but I don't think so and it explains the t trades we have been seeing.
NOTE 9 - SUBSEQUENT EVENTS
The Company evaluated events occurring after April 30, 2021, identifying those that are required to be disclosed as follows:
In May 2021, the Company offered and sold 4,050,000 shares of common stock at $0.10 per share for $405,000.
In June 2021, Power Up Lending Group Ltd converted principal in the amount of $237,150 of the $153,000 note issued September 21, 2020 for 2,355,015 shares of common stock.
In June 2021, Power Up Lending Group Ltd converted principal in the amount of $105,400 of the $68,000 note issued October 12, 2020 for 1,046,673 shares of common stock.
In June 2021, Power Up Lending Group Ltd converted principal in the amount of $86,025 of the $55,500 note issued December 9, 2020 for 854,270 shares of common stock.
In August 2021, the Company offered and sold 437,500 shares of common stock at $0.08 per share for $35,000.
In September 2021, the Company offered and sold 475,000 shares of common stock at $0.08 per share for $38,000 but 62,500 shares have not yet been issued as of this filing date.
But onto to the more important point about the January 12, 2021 note. If it was paid off it should have been disclosed in this section like the other 3 bolded below that converted in June. But it is not. It could be an oversight, but I don't think so and it explains the t trades we have been seeing.
NOTE 9 - SUBSEQUENT EVENTS
The Company evaluated events occurring after April 30, 2021, identifying those that are required to be disclosed as follows:
In May 2021, the Company offered and sold 4,050,000 shares of common stock at $0.10 per share for $405,000.
In June 2021, Power Up Lending Group Ltd converted principal in the amount of $237,150 of the $153,000 note issued September 21, 2020 for 2,355,015 shares of common stock.
In June 2021, Power Up Lending Group Ltd converted principal in the amount of $105,400 of the $68,000 note issued October 12, 2020 for 1,046,673 shares of common stock.
In June 2021, Power Up Lending Group Ltd converted principal in the amount of $86,025 of the $55,500 note issued December 9, 2020 for 854,270 shares of common stock.
In August 2021, the Company offered and sold 437,500 shares of common stock at $0.08 per share for $35,000.
In September 2021, the Company offered and sold 475,000 shares of common stock at $0.08 per share for $38,000 but 62,500 shares have not yet been issued as of this filing date.
