BioAdaptives Inc (BDPT)

[powerbattles]

Folk! Great news. I finally found the term of convertible note issued during the year ended December 31,2018 the original amount is $426,000 This note is a toxic death spiral conversion prices are based on 50% discount to market value. Look like the remain amount is $311,000 According to the term of these convertible notes are two years which NOW is long gone EXPIRED.

During the year ended December 31, 2018, the Company issued a total principal amount of $426,000 in convertible notes for cash proceeds of $426,000. The convertible notes were also provided with a total of 107,000 common shares valued at $22,210. The terms of these convertible notes are summarized as follows:
Term two years;
Annual interest rates 12%;
Convertible at the option of the holders at any time
Conversion prices are based on 50% discount to market value for the common stock based on a 4-week weekly average of the closing price.

In the table below, you can observe the amount of $311,000 for 2018. This amount has expired, which is why it is consistently carried on the books until 2023 for accounting purposes. Now that the two-year term has expired, I don't believe we are obligated to pay for these notes.

Convertible Notes - April 2018 $95,000
Convertible Notes - June 2018 $166k
Convertible Notes - October 2018 $50,000
Total $311,000

The screenshots below from Dec 31, 2018 to March 31, 2023. The amounts listed $95,000, $166,000 and $50,000, total $311,000 EXPIRED remained unchanged.



ZERO notes issued for a fiscal year 2023. After Regulation A (Reg A) offering, there are no other debts mentioned in the financial statements. It appears that is all the debts on the book.The amount $311,000 which carry on the book since 2018 to March 2023. This debt has expired. I won't be surprised that we may see no more notes conversions as the company is now debt free.