Freeze Tag Inc (FRZT)

[1234zxcv]

toucan,can you explain(default)convertibles from today's filling.
doing DD and just got burn with YLLC -$12k
FRZT seem interesting but all these defaults ? thanks in advance
Current Convertible Note Payable
87,000 -
(Currently in Default)

Current Convertible Note Payable, Net
62,625 69,898
(Net of debt discount of $600 and $90,827 as of September 30, 2012 and December 31, 2011, respectively)

Current Convertible Note Payable - Related Party
100,000 75,000
Current Convertible Note Payable - Related Party
75,000 -
(Currently in Default)

Current Note Payable - Related Party
265,000 55,000
Total Current Liabilities
1,613,836 1,092,398