Sorry but that is toxic financing - and since the promissory note wasn't provided by Deitsch - I know that if the price goes below $0.0008 the price will be adjusted so that the toxic lenders won't lose money.
Here you go from the 10-K:
"During the first quarter of 2022, we issued convertible promissory notes to the unrelated third parties for a total of $225,000 with original issuance discount of $75,000. The Noteholders have the right to convert the note into shares of Common Stock at a conversion price ranging from $0.0005 to $0.0008 per share. The notes are due one year from the execution and funding of the notes."
Do you see that - a $225,000 loan has a discount fee of $75,000 - which means that Deitsch receives $150,000 but has to repay $225,000 - that is as toxic as it gets.
Ignoring the facts won't make them go away.
IG
The First Casualty of Emotion is Reason.
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