Freeze Tag Inc (FRZT)

[mr40]

Previously I was invested in two stocks with convertible notes and paid for a lesson to avoid stocks like FRZT where they relay on convertible notes to sustain operations.

FRZT currently has a note in default.
Convertible Note Payable, Net, currently In Default $55,429

The other problem is revenue for the 9 months ended Sept 30, 2012 was $346,560 and the current revenues for the 9 months ended Sept 30, 2013 was $110,418, a huge drop in revenues year to year.