Replies to post #1747 on Soul and Vibe Interactive Inc. (fka SOUL)

[tchalla]

SOULD only has a little over $31k due between now and end of year. Here is convertible schedule from last Q:



During the three  month  period  ending  March  31,  2016,  the  Company  issued  various  convertible  debentures  in  the  total  amount  of  $143,839: $110,000 cash;
$10,250 original issue discount; $14,615 adjustment to principal; and $8,974 for accrued interest payable. In addition in 2016, a total principal balance of $123,424
was extinguished through the conversion of principal to common shares of the Company. The debentures issued in 2016 are unsecured and bear simple interest of
2% to 10% per annum, with maturities of one year. The outstanding principal and accrued interest of the debentures are convertible into shares of the Company’s
common stock at variable discounted pricing based conversion prices defined in the underlying agreements. Debentures 1 – 3 were convertible at a fixed price but
were exchanged into notes with variable discounted pricing before any conversions took place.
The following is a schedule of the convertible debentures outstanding as of March 31, 2016:
Description Date Conversion Price
Original
Principal
Amount
Unpaid
Principal
Balance Term Interest Rate
Debenture 1 8/8/2013 Fixed $ 105,000 $ 0 18 months 10%
Debenture 2 8/8/2013 Fixed 7,778 0 18 months 10%
Debenture 3 8/8/2013 Fixed 10,000 0 18 months 10%
Debenture 4 9/18/2014 Variable 210,667 0 9 months 10%
Debenture 5 2/3/2015 Variable 55,556 0 24 months 12%
Debenture 6 3/12/2015 Variable 58,850 0 12 months 10%
Debenture 7 3/16/2015 Variable 52,500 9,700 12 months 8%
Debenture 8 3/20/2015 Variable 110,293 0 12 months 10%
Debenture 9 4/21/2015 Variable 53,500 20,989 12 months 8%
Debenture 10 5/7/2015 Variable 32,024 0 12 months 0%
Debenture 11 5/11/2015 Variable 250,799 0 12 months 10%
Debenture 12 6/2/2015 Variable 45,000 28,500 12 months 8%
Debenture 13 9/16/2015 Variable 28,000 3,000 12 months 10%
Debenture 14 10/9/2015 Variable 28,000 28,000 12 months 8%
Debenture 15 9/16/2015 Variable 25,000 0 18 months 10%
Debenture 16 9/25/2015 Variable 33,850 4,059 12 months 2%
Debenture 17 10/20/2015 Variable 50,000 0 6 months 2%
Debenture 18 10/23/2015 Variable * 7,356 17 months 2%
Debenture 19 10/26/2015 Variable ** 25,000 29 months 1%
Debenture 20 10/26/2015 Variable *** 0 29 months 1%
Debenture 21 11/9/2015 Variable 10,000 10,000 12 months 10%
Debenture 22 11/23/2015 Variable 5,000 5,000 24 months 0%
Debenture 23 12/2/2015 Variable 11,500 11,500 12 months 10%
Debenture 24 12/4/2015 Variable 28,500 28,500 12 months 10%
Debenture 25 12/4/2015 Variable **** 0 17 months 2%
Debenture 26 1/18/2016 Variable 81,000 81,000 12 months 10%
Debenture 27 1/22/2016 Variable * 100,000 16 months 5%
Debenture 28 1/22/2016 Variable ***** 50,000 3 months 2%
Debenture 29 3/22/2016 Variable ****** 25,000 6 months 10%
Debenture 30 3/22/2016 Variable 39,250 39,250 12 months 10%
Total at March 31, 2016 $ 1,332,067 $ 476,854
Less discount (340,826)
$ 136,028
Less current portion (113,652)
22,376
  * Convertible debenture was transferred from Debenture 11 in the table above.