If the debt was paid off it would have been mentioned in the subsequent events. Not only that they are adding even more debt. Debt from the two companies that bought the balance of the debt not dumped by Rockwell Capital. https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=173589 TOTALS Balance of Debt Remaining as of 12/31/16: $325,000 - $148,500 = $176,500 1,324,500,000 shares cancelled. Debt Draw down as of 12/31/16: $148,500 On March 3, 2017, Highgarden Capital Growth, Inc. and CDN Associates, LLC (“Buyers”) purchased the balance of debt remaining. In a Notice of Conversion, the Buyers elected to convert the principal amount of the Note into shares of the Company’s common stock based on a draw-down of the debt as follows: Date 5/8/17 5/8/17 TOTALS Shares Issued 148,000,000 148,000,000 Price Per Share 0.00005 0.00005 Amount of Debt $7,400 $7,400 Debt Owner Highgarden Capital Growth, Inc. CDN Associates, LLC 296,000,000 shares cancelled. Debt Draw down as of 5/30/17: $14,800 Balance of Debt Remaining as of 5/30/17: $176,500 - $14,800= $161,700
---- The Company currently has a $25,000.00 Convertible Promissory Note to Highgarden Capital Growth, Inc. carrying an interest rate of 8% and is convertible to all or any amount of the principal face amount of the Note then outstanding into shares of the Company’s common stock without restrictive legend of any nature, at a price (“Conversion Price”) for each share of Common Stock equal to a 60% discount to the of the lowest price traded of the Common Stock as reported on the National Quotations Bureau OTCQB/Pink exchange.
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On April 28, 2017, the Company entered into a Securities Purchase Agreement with CDN Associates, LLC, wherein $25,000.00 was provided under a one-year Convertible Promissory Note carrying 8% interest annually.
---- And this was added to liabilities list:
GG Studios, LLC $20,000.
------ And they have discussed this type of stuff - it was talked about in one of those streaming twitch videos.
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