InvestorsHub Logo
Followers 129
Posts 7014
Boards Moderated 0
Alias Born 04/14/2013

Re: Krony post# 78100

Tuesday, 11/19/2013 10:34:32 PM

Tuesday, November 19, 2013 10:34:32 PM

Post# of 122983
mike it doesnt appear this was converted as well?

On April 22, 2013, the Company issued an 8% convertible note (the “April 22 Note”) in the amount of $42,500 to Asher. The principal and
accrued interest is payable on January 25, 2014 or such earlier date as defined in the agreement. The note is convertible by Asher at any time
after the six month anniversary of the issue date and by the Company at any time after issue with conversion periods as defined in the
agreement. The note is convertible into shares of the Company’s common stock at a price of 60% of the average of the three lowest trading
prices of the stock during the ten day trading period ending one day prior to the date of conversion. The outstanding balance at September 30,
2013 was $42,500.