Replies to post #21853 on Adaptive Medias Inc (fka ADTM)

[236T568]

and this looks this might be the ADTM toxic death spiral convertible note with JSJ Investments, Inc


the lowest price was $0.10

so 60% of $0.10 = $0.06/share conversion price

therefore the $245,000 would convert to 4.08 million ADTM common shares


http://www.sec.gov/Archives/edgar/data/1428397/000114420415066094/v424293_10q.htm

"On October 26, 2015, the Company entered into a convertible promissory note with an outside investor for a principal amount of $245,000 in exchange for $200,000 with a maturity date of February 25, 2016. The note is convertible at a conversion price of 60% of the lowest trading price of the Company’s common stock for the previous 20 trading days prior to the conversion date. The note bears no interest unless an event of default occurs under which it would bear an interest rate of 22% per annum."



and why is scam company ADTM offering convertible debt with such bad terms against ADTM which leads to massive dilution for current ADTM stockholders?

because this is what scam companies do!