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Friday, December 27, 2013 7:11:26 PM
It looks to me like they paid off one to Asher, issued a new one and have one coming due in Febuary to them.
The Company also issued $80,000 in convertible debentures to Asher Enterprises which may be converted at the holder’s discretion into our common stock at an exercise price based on the market price of our common stock.
Debenture 20 4/19/13 Variable 32,500 32,500 12 Months 8%
Debenture 21 5/28/13 Variable 47,500 47,500 9 Months 8%
On October 18, 2013, a convertible debenture entered into with Asher Enterprises dated 4/19/13 for $32.5k was paid off by the Company.
On October 14, 2013 the Company entered into an 8% $37,500 convertible debenture with Asher Enterprises. Conversions are based on variable pricing at 44% discount to market.
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