Plandai Biotechnology Inc (PLPL)

[jimtash]

What about this? Also what are "X" shares?

NOTE 4 – CONVERTIBLE NOTES
On September 21, 2016, the Company entered into a convertible note payable with an EMA Financial, LLC for $57,500that matured on September 21, 2017. The note is subject to 10% interest annually and is convertible to common shares at50% of lowest traded price during 25 consecutive trading days prior to the conversion date. As of June 30, 2022 all principal has been converted, and $38,397.30 of interest remains outstanding. The Company is currently in default on this note.

On February 16, 2018, the Company entered into a convertible note payable with Adar Bays, LLC for $148,753 that maturedon February 16, 2019. The note is subject to 8% interest annually and is convertible to common shares at a conversion price equal to the lower of $0.05 per share or 60% of the lowest trading price for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company.

On March 1, 2018, the Company entered into a convertible note payable with Adar Bays, LLC for $25,000 that matured on March 1, 2019. The note is subject to 8% interest annually and is converted to common shares at a conversion price equal to the lower of $0.05 per share or 60% of the lowest trading price for the twenty prior trading days including the day upon
which a Notice of Conversion is received by the Company.

On March 1, 2018, the Company entered into a convertible note payable with Adar Bays, LLC for $25,000 that matured on March 1, 2019. The note is subject to 8% interest annually and is converted to common shares at a conversion price equal to the lower of $0.05 per share or 60% of the lowest trading price for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company.

On March 1, 2018, the Company entered into a convertible note payable with Adar Bays, LLC for $25,000 that matured on March 1, 2019. The note is subject to 8% interest annually and is converted to common shares at a conversion price equal to the lower of $0.05 per share or 60% of the lowest trading price for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company.

On October 31, 2020, the Company entered into a convertible note payable with Adar Bays, LLC for $6,675 that matured on October 31, 2021. The note is subject to 12% interest annually and is convertible to common shares at fair market value at the time of conversion. The Company is currently in default on this note.

On November 3, 2020, the Company entered into a convertible note payable with Pinnacle Tax Services Inc. for $75,000 that matures on November 3, 2022. The note is subject to 10% interest annually and is convertible to common shares at 40% of lowest traded price during 20 consecutive trading days prior to the conversion date with a holdings limit of 4.99%
of total outstanding shares.

Adar Bays, LLC, holder of multiple convertible notes, executed 60 debt conversions between July 10, 2020 and May 26, 2021, resulting in issuances of an aggregate amounts of 4,018,695,143 shares of common stock to Adar Bays, LLC. These debt conversions resulted in a net reduction of $706,469.68 of the Company’s outstanding debt owed to Adar Bays, LLC.

EMA Financial, LLC, holder of a convertible note, executed debt conversions on July 7, August 2, August 30, October 4, October 18, October 28, and December 10, 2021, resulting in issuances of 188,787,925, 200,000,000, 265,000,000 280,000,000, 290,000,000, 300,000,000 and 320,000,000 shares of common stock, respectively, to EMA Financial, LLC.

On January 27, 2022, EMA Financial, LLC sold its remaining $68,397.30 of accrued interest of its convertible debt to Pinnacle Consulting Services, Inc., in exchange for $60,000 per a Purchase and Assignment Agreement dated January 26, 2022. On May 10, 2022, Pinnacle Consulting Services, Inc. executed a debt conversion resulting in the issuance of 200,000,000 shares of common stock.

On July 18, 2022, Pinnacle Consulting Services, Inc. executed a debt conversion resulting in the issuances of 337,500,000 shares of common stock. These debt conversions reduced the principal and interest balances of their convertible note payable to $0 and $19,996.70, respectively, as of December 31, 2022.

NOTE 5 – NOTE PAYABLE TO RELATED PARTY
On December 31, 2015, the Company entered into a note payable with Dr. Giles Edward Duffield for $52,500 that matured fifteen months from the date of payment of Consideration. The note is subject to 15% interest annually. As of December 31, 2022, $43,500 of principal, and $48,143.50 of interest remains outstanding. The Company is currently in default on this note.

https://www.otcmarkets.com/otcapi/company/financial-report/358981/content