News Focus
News Focus
Followers 31
Posts 1946
Boards Moderated 0
Alias Born 01/14/2012

Re: mick post# 16630

Monday, 07/01/2013 4:40:43 PM

Monday, July 01, 2013 4:40:43 PM

Post# of 76919
I have a problem with this post. It is very misleading with regards to following paragraph headed with this sentence.

"The biggest news that some here are expecting is a possible reverse merger between C&S and IPRU. If you read the financials...."



What it actually states in the financial documents regarding what I suppose you claim the C&S Promissory Note is this:

From October 10, 2012 to October 18,2012, the Company issued 140,000,000 shares of common stock valued at $226,600 for settlement of $14,000 in notes payable. As a result,the Company recorded a loss on settlement of debt of $212,600



This means that the Note holder loaned IPRU $14K. IPRU repaid the principle and accrued interest (none) in the amount of 140 million shares of IPRU common stock. These shares, at the time of payment, were worth $226K. Making the difference, $212.6K, a loss to IPRU and is documented as such in the filing. Basically, the note holder paid $14,000 for 140 million shares. This means that the note holder's conversion price was $0.0001.

I think I might know where all these shares are coming from.

@OTCMondragon

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent TWOH News