Replies to post #18014 on Aja Cannafacturing Inc. (fka AJAC)

[I-Glow]

Actually, it hasn't been confirmed as it states in the 10-K that the $53,000 Asher/KBM note is due on 02/20/2015.

In the 10-Q we find:

On May 20, 2014, the Company executed a convertible promissory note for $53,000 with KBM Worldwide, Inc. The note bears interest at 8% per annum and is due on or before February 23, 2015.

AJAC can't seem to keep the dates straight.

And without explanation - they change it to $1270 due on February 20, 2015.

But, in the 10-Q we also find the following:

A summary of the status of the Company’s debt discounts, derivative liabilities and original issue discounts, and changes during the periods is presented below:

KBM – 5/20/14 - 53,000 (7,729) 45,271

So they are saying the discount is $7,729 and the new total is $45,271 for the note.

IG