Replies to post #5117 on Eastgate Biotech Corp (fka ETBI)

[THall]

Not to mention the 40 million in the recent 8k

On April 1, 2017, EastGate Biotech Corp. (the “Company”) entered into a Settlement Agreement with Northbridge Financial, Inc. (“Northbridge”), whereby Northbridge acquired liabilities of the Company in the amount of $208,000 (the “Debt”), which was owed by the Company to third parties related to debts related to the Company’s outstanding liabilities. The Company and Northbridge then entered into an Order Granting Approval of the Settlement Agreement, and Northbridge converted the Debt pursuant to a 3(a)(10) exemption into 40,000,000 shares of the Company’s common stock.

[Quinton]

For the second time- I do get it.


So does everyone else ;)

I disagree but you can make your case any way you like!


ETBI

[Axel]

Why should he dump down here? The shares were given to him at around .0051

But I'm not sure how much he actually paid for the debt