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Tuesday, August 30, 2022 2:26:53 PM
NOTE 11 – SUBSEQUENT EVENTS
In June 2022, the Company issued Convertible notes in exchange for $75,000. The notes are due in ninety days from the date of the note. Repayment is to be in the amount of $93,750. In addition the note holders received 37,500,000, one year $0.002 warrants. The notes also carry a conversion option, election is at the option of the note holder, to convert the note or any portion of the note into common stock shares. Conversion is to be calculated at 75% of the lowest trading price during the ten trading day period prior to the conversion date.
https://www.otcmarkets.com/otcapi/company/financial-report/339285/content
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