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C.R.T

11/07/15 12:17 PM

#13774 RE: Cheds #13772

These notes are due in feb 2016

.01 conversion is a low end

C.R.T

11/07/15 12:20 PM

#13775 RE: Cheds #13772

Come February this stock will be .05- . 10 or higher (of course speculative) so yes with a 40% discount and a 10 day look back yes .01 is on a low end.

So 40-100m shares yes the market will eat that up.

C.R.T

11/07/15 12:21 PM

#13776 RE: Cheds #13772

A conversion rate of .01 would imply the stock trading at .018 .019 by February 2016.

Please review your statements before posting...

ForReal

11/07/15 1:34 PM

#13795 RE: Cheds #13772

Many of those were issued with "fixed" conversion features, 30% lower than the SP, at the time the notes were issued. Not with a discount to market at time of conversion. See..............

We had entered into convertible notes payable with related parties that contained conversion options, whereby the outstanding principal and accrued interest could be converted, by the holder, into shares of our common stock. In the case of the convertible notes payable with related parties, the conversion price was a fixed price, which represented a 30% discount to the price of our common stock at the time of issuance.