Well, we got a new Pump and Dump starting here, you had better read the filings before you venture into this POS
I received an email from Market Authority that stated compensation as $80,000 and it peaked my interest so I started to look into the filings.
Now this is a good gig if you can get it. Stock priced at .90 and they convert at .001
$52,000 on the debenture means they have 52,000,000 shares to work with. No wonder they were willing to pay Market Authority $80k
Greystone $52K Financing
On April 2, 2013, the Company entered into a Securities Purchase Agreement with Greystone Capital Partners, Inc. (Greystone), an accredited
investor, providing for the sale by the Company to Greystone of an 8% convertible debenture in the aggregate principal amount of $52,000 (the
“Greystone Debenture”). The Greystone Debenture matures on the first anniversary of the date of issuance (the “Maturity Date”) and bears
interest a rate of 8% per annum, payable on the Maturity Date. Greystone may convert, at any time, the outstanding principal and accrued
interest on the Greystone Debenture into shares of the Company’s common stock, par value $0.001 per share (“Common Stock”) at a
conversion price that is the lesser of (i) ninety percent (90%) discount of the average of the closing bid price of the Common Stock during the
five (5) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP or (ii) the average of the closing bid price per
share during the five (5) trading days prior to the date of any such conversion (“Conversion Price”). The Conversion Price may be adjusted
pursuant to the other terms of this Debenture.
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