Replies to post #48398 on Freeze Tag Inc (FRZT)

[Gujuviper]

Seems so sketch.

[Surfacetite]

How is this possible? Normal joes buy at retail. Insiders get to legally rob us. WTF!

[Howyadoing]

Unbelievable conversion rate the note holders get their shares at -- .0000666
3287.÷49314205
They get 49,314,205. Shares for loaning out $3,287.
49314205×0.003 = $147,942.61
That's 4,400% ROI
But it only gets worse, there are many notes that just came due this week that have a fixed conversion rate of .00005

Tranche #1 from 6/25/14 $500,000 convertible note payable to an accredited investor, maturing on June 25, 2017, with interest at 10%
$26,957

Tranche #2 from 6/25/14 $500,000 convertible note payable to an accredited investor, maturing on June 25, 2017, with interest at 10%
$50,000

Tranche #3 from 6/25/14 $500,000 convertible note payable to an accredited investor, maturing on June 25, 2017, with interest at 10%
$50,000

Tranche #4 from 6/25/14 $500,000 convertible note payable to an accredited investor, maturing on June 25, 2017, with interest at 10%
$50,000

Tranche #5 from 6/25/14 $500,000 convertible note payable to an accredited investor, maturing on June 25, 2017, with interest at 10%
$50,000

Tranche #6 from 6/25/14 $500,000 convertible note payable to an accredited investor, maturing on June 25, 2017, with interest at 10%
$100,000

Tranche #7 from 6/25/14 $500,000 convertible note payable to an accredited investor, maturing on June 25, 2017, with interest at 10%
$50,000

Tranche #8 from 6/25/14 $500,000 convertible note payable to an accredited investor, maturing on June 25, 2017, with interest at 10%
$70,000

Tranche #9 from 6/25/14 $500,000 convertible note payable to an accredited investor, maturing on June 25, 2017, with interest at 10%
$30,000

These are just the ones that just came due this week , they have current liabilities of $6,757,438

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12070616

[Crazy Money]

That happened on the 26th...