Community Redevelopment Inc. (CRDV)

[Lil BD]

When will Leonite start their Debt conversion into equity or will the company pay them off with cash? 65% discount conversion to market price with a 21 day look back is appetizing for the Convertible Note Holder, but there's no liquidity in the $CRDV shares yet

On April 8th, 2021, the Company executed a Senior Secured Convertible Promissory Note, Securities Purchase Agreement and ancillary agreements (collectively, the “Agreements”) with Leonite Capital, LLC Per the terms of the Agreements with Leonite Capital, LLC, the Company may borrow up to $500,000; of which $500,000 was tendered, which is open with right of redemption for one year. Prior to the maturity date of the Note, the Company at its option, has the right to redeem in cash in part or in whole, the amounts outstanding. Should the Fund wish to convert this debt into equity, the conversion price shall be sixty-five percent of the lowest Intraday price during the previous 21 days.