lol...what a pos ..and some nut is still writing new converts
On June 12, 2014, the Company issued an original issue discount convertible note payable to a third party for $50,000. The note matures 6 months from the date of issuance, and is convertible at the option of the noteholder into shares of common stock at a fixed discount of .00005. However, if the Company’s share price, at any time before June 12, 2015 loses the bid, then the fixed conversion price resets to .00001. If the Company gets a “DTC chill”, any time before June 12, 2015, then the discount is reset to 65% off the low of the previous 5 trading days.
(those terms ar hilarious.. true pos company has to allow for those contingencies)
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