Taco, all you need to know about your post.. TOXIC DEATH SPIRAL MONEY! From release you posted.
The capital was sourced through Old Main Capital who has agreed to provide the Company with net funds received of $250,000 during the month of April. These funds are part of a 9-month convertible note agreement that has a face value of $294,000 with a nominal interest rate of 10% per annum and if not paid in 9 months is convertible into the Company’s common stock, at Old Main’s option, at a 35% discount to market. (For more details see the 8-K filed as of April 6, 2017)