Asia Broadband Inc (AABB)

[i_dont_know]

Benny you are right the note is a non issue anymore if you have a look at the last 10K 2021: You will read following

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 December 31, 2021, the total amount of the debt outstanding with accrued interest was $701,416.

15/1/2016 --> Issuance - 2 years till conversion
15/1/2018 --> Conversion Period 4 year till maturity
15/1/2022 --> Maturity: The note has to paid off in cash or shares despite the company is in default (which cant be if you look at the financials)
Conclusion: Note is done! There is no Clive note anymore! Yeahh!!! Finally the note is over!

But need further help from you for the conversion price wich should be 5 cents! Why is the note converted always for 0.0004? For example:

Oct. 4, 2021 New Issuance 100,000,000 Common $0.0004 Yes Whitecastle Capital Corp. – Clive Mendenhall Debt conversion Unrestricted Rule 144 4(a)(1)