Inca Designs, Inc. (fka IDGI)

[86EM]

I'm sure I have to plead guilty to
your ignorance charge. I don't claim to
know everything and I'm sure these transactions
are written in such a way that they can renegotiate
the note, extend it or even re-write it.
Maybe you can clarify how it works when a note is due.
I would think that they just have to fill out paper
work that the note is due and if not paid, it will
convert to pre-agreed shares. Can these shares be
restricted, and do they have to
be registered immediately? If not registered, would they
show up in the O/S ? Not picking on you, but you appear
to have knowledge in that area. TIA