TRON: TRON Yikes~ You have 4 days ta Exit before they Rain on your parade there~ READ: NOTE 6 – CONVERTIBLE DEBT On July 12, 2012, the Company entered into a Convertible Promissory Note agreement for $37,500. The Note bears interest at 8% per annum, and the principal amount and any interest thereon are due on April 16, 2013. Any principal or interest not paid when due, shall bear interest at 22% per annum. Pursuant to the agreement, the Note is convertible 180 days after issuance into shares of common stock at a variable conversion price equal to 55% of the average of the lowest three closing bid prices for the common stock during the 10 trading days prior to the date of the conversion notice. My math with current pps at .0013 x .55%=.0006 Now the debt conversion ~ 37,500 divide by the .0006 discountd price and you have 60mil shares comin at ya! Hope this helps with your decision~
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