Image Protect Inc (IMTL)

[Joe Burmeister]

Anyone know who the "unrelated entity" is, and whether IMTL paid the note by May 20, 2022? If they issued shares, then the O/S would balloon to the A/S, and the stock will be at no bid.

On May 20, 2021, the Company issued a 10% convertible promissory note payable of $500,000, due on May 20, 2022 with an unrelated entity. The Company may repay the note by issuing the Company’s common stock based upon the
conversion term equal to the lesser of a) $0.0005 or b) Fifty Percent (50%) of the lowest Trading Price during the Valuation Period