Quality Industrial Corp (QIND)

[Justjoe1979]

From the last $QIND quarterly. The $1M they used to initiate the acquisition. In 6 months, principal converts to shares at $1. Fair market value at least $1!

Page F-9 Section 10 Subsequent Events.

On August 3, 2022, the Company issued to an accredited investor a two year convertible promissory note in the principal amount of $1,100,000. The Note bears interest at 7% per annum. The Company has the right to prepay the Note at any time. All principal on the Note is convertible into shares of our common stock after six months from issuance at the election of the holder at a conversion price equal $1.00 per share.