So the number #1 Penny stock mover this yr. from trips to over .01+ for over 1000%+ gain is $STAL and guess who they have borrowed money/loans in the form or convertible debit from- ANSWER: DIAGONAL LENDING our fried Kurt. So, remember VOLUME TRUMPS ALL and CAN TAKE OUT A NOTE IN AS IT RUNS....OUR RUN WITH $BOPO IS COMING...JUST A MATTER OF TIME....AND I BELIEVE ITS COMING VERY VERY SOON...STAL float is over 300M btw, with NO revenue.
On June 8, 2023, the Company executed a 9% convertible promissory note with 1800 Diagonal Lending, LLC (“1800 Diagonal”). The note is convertible at a price per share equal to 65% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days prior to the date on which lender elects to convert all or part of the Note.
The following table summarizes the convertible notes outstanding as of September 30, 2023:
Note Holder Date Maturity Date Interest Balance
June 30,
2023 Additions Conversions Balance
September 30, 2023
Private investor 3/28/2022 7/31/2022 14% $ 310,000 $ – $ – $ 310,000
Quick Capital LLC 2/7/2023 11/8/2023 12% 60,556 – (21,898) 38,658
AES Capital Management, LLC 2/8/2023 2/7/2024 10% 38,000 – (12,500) 25,500
Rock Bay Partners 10% 35,700 – – 35,700
1800 Diagonal Lending, LLC 6/8/2023 3/8/2024 9% 57,750 – – 57,750
Total $ 502,006 $ – $ (34,398 ) $ 467,608
Less debt discount $ (105,354 ) $ (56,197 )
Convertible notes payable, net $ 396,652 $ 411,411
A summary of the activity of the derivative liability for the notes above is as follows:
Balance at June 30, 2023 $ 1,010,145
Increase to derivative due to new issuances –
Decrease to derivative due to conversion (32,345 )
Derivative loss due to mark to market adjustment 36,159
Balance at September 30, 2023 $ 1,013,959
A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy as of September 30, 2023, is as follows:
Inputs September 30,
2023 Initial
Valuation
Stock price $ 0.0011 $ 0.015 - 0.42
Conversion price $ 0.0004 - 0.00005 $ 0.015 - 0.2995
Volatility (annual) 210.61% - 235.86% 265.91% - 381.28%
Risk-free rate 5.53% – 5.55% 0.59% - 5.12%
Dividend rate – –
Years to maturity .25 - 0.58 0.34 - 1
All my posts are based on my opinion. Do not buy, sell, trade any stock based on my posts. Do your own due diligence before making any transaction.
