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LETSWIN2020

07/01/17 1:52 PM

#4827 RE: vipergts758 #4825

Lol makes me laugh billionaires want to sell to make peanuts . Billionaires wants to make more billions

QTRADERQ

07/01/17 2:27 PM

#4838 RE: vipergts758 #4825

You are correct. Johan Eliasch has not converted and sold yet. Johan has until 4/28/18 to do so. Why is this date relevant? Because of the terms of the Convertible Note agreement and Note Purchase agreement.

Convertible Note Agreement
"The 10% Senior Secured Convertible Note (the "Note") is convertible in whole or in part at any time into shares of the Issuer's common stock, par value $0.0001 per share. Payment of the principal amount of the Note is due April 28, 2018." (See footnote 1 in green)
https://www.sec.gov/Archives/edgar/data/1430969/000094787117000353/xslF345X02/ss41895_3.xml

Note Purchase Agreement
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12072253

All imo