Monday, July 01, 2013 7:29:12 PM
it is a struggle so far getting this done. many believed iit could get done but not so far.
re;
I have a problem with this post. It is very misleading with regards to following paragraph headed with this sentence.
Quote:
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"The biggest news that some here are expecting is a possible reverse merger between C&S and IPRU. If you read the financials...."
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What it actually states in the financial documents regarding what I suppose you claim the C&S Promissory Note is this:
Quote:
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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
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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.
re;
I have a problem with this post. It is very misleading with regards to following paragraph headed with this sentence.
Quote:
--------------------------------------------------------------------------------
"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:
Quote:
--------------------------------------------------------------------------------
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.
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