Replies to post #1013 on Cannagistics Inc (CNGT)

[cubsrule1723]

From the filing. Aug 9th, 2016 is when the note matures..

Convertible note agreements (3) dated August 10, 2015, totaling $4,000,000. Maturing on August 9, 2016 bearing interest at 6% per annum. Principal and accrued interest is convertible at $.247 per share. The beneficial conversion feature was recorded as a discount to the debt and is being amortized over the term of the notes using an effective interest rate of approximately 9%. (See note 7)

[stealofadeal]

PNIK Because SOME shares to convert are MANY shares to convert.