and so is the BS. They may announce the next CEO diluter, but I doubt if you will see those "gigantic" PR's that have been dreamed of for many, many months.
Well griffy the INCOMING company better have a hell of a bank roll because they will have to pay off all the existing toxic dept :)
$147,500 Convertible Note – On April 1, 2014 the Company entered into a Letter of Engagement with Anubis Capital Partners under which Anubis agreed to provide business consulting services to the Company, including equity and debt financing advice and consulting, for compensation equal to $12,500 per month plus a one time payment of $147,400, payable in the form of a convertible promissory note. $147,500. The note matures one year after date of issue on April 1, 2014. The note bears interest at a rate of 10 percent per annum, with principal and interest due in full on April 1, 2015.
$17,800 Convertible Note - On May 2, 2014 the Company borrowed $17,800 from an unrelated third party entity in the form of a convertible note, $15,000 of which was received in cash, and $2,800 of which was paid for legal fees. The note bears interest at a rate of 8.0 percent per annum, with principal and interest due October 30, 2015.
$32,500 Convertible Note - On May 28, 2014 the Company borrowed $32,500 from an unrelated third party entity in the form of a convertible note, $30,000 of which was received in cash, and $2,500 of which was paid for legal fees. The note bears interest at a rate of 8.0 percent per annum, with principal and interest due March 2, 2015.
$25,000 Convertible Note - On June 2, 2014 the Company borrowed $25,000 from an unrelated third party entity in the form of a convertible note, $20,000 of which was received in cash, $2,500 of which was paid for legal fees, and $2,500 of which was paid for miscellaneous expenses. The note bears interest at a rate of 8.0 percent per annum, with principal and interest due June 2, 2015.
$27,000 Convertible Note - On June 2, 2014 the Company borrowed $27,000 from an unrelated third party entity in the form of a convertible note, $22,500 of which was received in cash, $2,000 of which was paid for legal fees, and $2,500 of which was paid for miscellaneous expenses. The note bears interest at a rate of 8.0 percent per annum, with principal and interest due June 2, 2015.
$25,000 Convertible Note - On June 6, 2014 the Company borrowed $25,000 from an unrelated third party entity in the form of a convertible note, $20,500 of which was received in cash, $2,000 of which was paid for legal fees, and $2,500 of which was paid for miscellaneous expenses. The note bears interest at a rate of 8.0 percent per annum, with principal and interest due June 6, 2015.
$53,000 Convertible Note - On June 13, 2014 the Company borrowed $53,000 from an unrelated third party entity in the form of a convertible note, $50,000 of which was received in cash, and $3,000 of which was paid for legal fees. The note bears interest at a rate of 8.0 percent per annum, with principal and interest due March 17, 2015.
$25,000 Convertible Note - On June 18, 2014 the Company borrowed $25,000 from an unrelated third party entity in the form of a convertible note, $21,000 of which was received in cash, $1,500 of which was paid for legal fees, and $2,500 of which was paid for miscellaneous expenses. The note bears interest at a rate of 8.0 percent per annum, with principal and interest due June 18, 2015.
$ 92,434 Convertible Note - On July 1, 2014, the Company issued a convertible note with an original principal amount due of $92,434, to convert an outstanding account payable balance due to a third party.. The note bears interest at 8 percent per annum,, with principal and interest due June 30, 2015. The face value of the note is $75,000 and can be prepaid for that amount at any time prior to September 25,
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