Replies to post #176 on Brookmount Exploration Inc (BMXI)

[HokieHead]

More filings. Trying to figure out this:

On February 14, 2017, the debts of three debt holders were converted to Series A Convertible Notes. The term of the notes is for 3 years, maturing on February 14, 2020, with the holder having the right to convert the debt to shares at any time at a price of $0.001 per share. These notes are non-interest bearing and no fix terms of repayment prior to maturity. Amounts unpaid at maturity will bear interest at 12% per annum until paid. The notes replace the following debts as follows: Mr. Zaf Sungar for $458,116.99; Mr. Peter Flueck for $936,891.36 and Grand Combe Developments Ltd. for $12,123.62.

So they can convert the debt to shares at any time? It looks like $1.4 million can be converted at any time. Why would they allow this? Unless they have some kind of agreement it's going to put some downward pressure on the stock for a bit.

And good ole Pete? WTF..

Peter Flueck: Cease Trade Order issued by the British Columbia Securities Commisison: temporarily restricted from being an officer or director of a public Company in British Columbia; restricted from buying, selling or trading the Company’s shares until certain requirements are met in British Columbia.