ECGI Holdings Inc (ECGI)

[Dr Gator]

The Float Is Under 5 Million TILL Conversions

ECGI is Converting Loans/Notes to shares

https://www.otcmarkets.com/otcapi/company/financial-report/357380/content
(10) On March 25, 2021, the Company issued a ten percent (10%) convertible
note (the “10% Convertible Note”) in the original principal amount of $28,600 and
original issue discount of $8,600 per the terms of the 10% Convertible Note, the
maturity date March 25, 2022, the annual rate of interest is ten percent (10%), and the
principal and accrued interest could be converted, at the sole discretion of the note
holder, into shares of the Company’s common stock at 60% of the offering price for
the common stock pursuant to Regulation A under the Securities Act of 1933. The
11
original $8,600 original issued discounts and the beneficial conversion features were
recorded as debt discounts and amortized over the term of the note. Therefore, the total
debt discount at the inception date of the convertible note was $28,600. As of
November 30, 2022, the outstanding balance of the loan is $33,413 which including
$4,813 of interest accrual. As of November 30, 2022, the total debt discount has been
amortized.
(11) On May 19, 2021, the Company issued a ten percent (10%) convertible note
payable (the “10% Convertible Note”) in the original principal amount of $428,572
and original issue discount of $128,572. Per the terms of the 10% Convertible Note,
the maturity date May 19, 2022, the annual rate of interest is ten percent (10%), and
the principal and accrued interest could be converted, at the sole discretion of the note
holders (the “Holders”), into shares of the Company’s common stock at 60% of the
offering price for the common stock pursuant to Regulation A under the Securities Act
of 1933. The original $128,572 original issued discounts and the beneficial conversion
features were recorded as debt discounts and amortized over the term of the note.
Therefore, the total debt discount at the inception date of the convertible note was
$428,572. As of November 30, 2022, the outstanding balance of the loan is $494,240
which including $65,668 of interest accrual. As of November 30, 2022, the total debt
discount has been amortized
(12) On October 28, 2021, the Company issued a ten percent (10%) convertible
note payable (the “10% Convertible Note”) in the original principal amount of
$102,960 and original issued discount of $30,960. Per the term of the 10% Convertible
Note, the maturity date October 28, 2021, the annual rate of interest is ten percent
(10%), and the principal and accrued interest could be converted, at the sole discretion
of the note holders (the “Holders”), into shares of the Company’s common stock at
60% of the offering price for the common stock pursuant to Regulation A under the
Security Act of 1933. The original $30,960 original issued discounts and the beneficial
conversion features were recorded as debt discounts and amortized over the term of
the note. Therefore, the total debt discount at the inception date of the convertible note
was $102,960. As of November 30, 2022, the outstanding balance of the loan is
$114,197 which including $11,237 of interest accrual. As of November 30, 2022, the
total debt discount has been amortized. As of November 30, 2022 the loan is in default.
(13) On May 10, 2022, the Company issued a ten percent (10%) convertible note
payable (the “10% Convertible Note”) in the original principal amount of $210,000
and original issue discount of $60,000. Per the term of the 10% Convertible Note, the
maturity date May 10, 2022, the annual rate of interest is ten percent (10%), and the
principal and accrued interest could be converted, at the sole discretion of the note
holders (the “Holders”), into shares of the Company’s common stock at 60% of the
offering price for the common stock pursuant to Regulation A under the Security Act
of 1933. The original $30,960 original issued discounts and the beneficial conversion
features were recorded as debt discounts and amortized over the term of the note.
Therefore, the total debt discount at the inception date of the convertible note was
$102,960. As of November 30, 2022, the outstanding balance of the loan is $221,685
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which including $11,685 of interest accrual. As of November 30,2022, $117,370 out
of $210,000 total debt discount has been amortized.

Individual/
Entity Shares
were issued to
(entities must
have individual
with voting /
investment
control
disclosed).
Reason for
share
issuance
(e.g. for
cash or debt
conversion)
-ORNature of
Services
Provided
Restricted or
Unrestricted
as of this
filing.
Exemption
or
Registration
Type.
August 15,
2019
New 5,000,000 Common $0.001
per share
No Silicon
Beach LLC
Conversion of
preferred
stock
Restricted 4(2)
August 15,
2019
New (5,000,000) Preferred $0.001per
share
No Silicon
Beach LLC
Conversion of
preferred
stock
Restricted 4(2)
April 8, 2021 New 13,000 Common $0.80 No Deepak
Panjwani
Consulting
service
Restricted 4(2)
May 31, 2021 New 142,857 Common $0.595 Yes Benjamin
Widjaja
Consulting
service
Restricted 4(2)
May 31, 2021 New 142,857 Common $0.595 Yes Tony Thai Consulting
service
Restricted 4(2)
May6, 2021 New 1,700,000 Common $0.001
per share
Yes EROP
Enterprise,
LLC (9)
Debt
settlement
Unrestricted 4(2)
8
B. Debt Securities, Including Promissory and Convertible Notes.
Date of
Note
Issuance
Outstanding
Balance ($)
Principal
Amount
at
Issuance
Interest
Accrued
Maturity
Date
Conversion Terms (e.g.
pricing mechanism for
determining conversion of
instrument to shares)
Name of
Noteholder
Reason for Issuance
(e.g.
Loan, Services, etc.)
April 27,
2015
$322,459(1) $500,000 $97,459 Demand (3) MedPacAsia
Pacific PTY (4)
Acquisition of
licenses and assets
May 20,
2019
$ 23,473 (1) $0 $3,473 Demand Not Convertible Debt Silicon Beach
LLC (2)
Revolving Credit
for Working Capital
January 20,
2021
$804,000 $804,000 $0 10/1/2022 Not Convertible Debt Ronald L. Bee
and Lydia E.
Bee (5)
Acquisition of real
property in Lake
County, California
January 20,
2021
$0 $175,000 $0 Demand Not Convertible Debt David H Tuttle
and Melodye R
Tuttle (6)
Acquisition of real
property in Lake
County, California
January 20,
2021
$0 $50,000 $0 Demand Not Convertible Debt LMK Capital
LLC (8)
Acquisition of real
property in Lake
County, California
January 20,
2021
$0 $3,500,000 $0 Demand Not Convertible Debt Northern
California
Holdings, Inc,
(7)
Acquisition of real
property in Lake
County, California
March 16,
2021
$6,421,760 $6,448,333 $0 Demand Not Convertible Debt EROP
Enterprise, LLC
(9)
Debt settlement
according Section
3(a)(10)
March 25,
2021
$33,413 $28,600 $4,813 March 21,
2023
Convertible note Wayne Wong
(10)
Loan
November 1,
2021
New 1,826,393 Common $0.19 No Danny
Wong
Consulting
service
Restricted 4(2)
June 15, 2022 New 203,704 Common $0.27 No John
Bentivoglio
Debt
Settlement
Restricted 4(2)
September 30,
2022
New 625,000 Common $0.04 No Vuvu
venture Inc
Subscription
agreement
Restricted 4(2)
Shares Outstanding on Date of This
Report:
Ending Balance:
Date November 30, 2022
Common: 21,880,278
Preferred: 0
9
May 19,
2021
$494,240 $428,572 $65,668 May 18,
2023
Convertible note Kevin Dang(11) Loan
October 28,
2021
$114,197 $102,960 $11,237 October
28, 2022
Convertible note K&J Funding
(12)
Loan
May 10,
2022
$221,685 $210,000 $11,685 May 10,
2023
Convertible note Vuvu venture
Inc (13)
Loan