Replies to post #470 on Crimson Forest Entertainment Group Inc. (CRIM)

[MoneyMan]

He was concerned about his little note at the end but forgot to figure it in.

The Portnice convertible note balance as of February 28, 2017 was nine-hundred-thousand dollars (USD $900,000) plus $85,520 in interest. The Company has renegotiated the Portnice note so that the maturation date has been extended to Dec. 31, 2017 and that the formula for conversion, should the Company not fully retire the balance and interest by Dec. 31, 2017, shall be established as a thirty-percent (30%) discount to the market for the Company’s common stock shares, during the previous ten (10) days of trading, utilizing a Volume Weighted Average Pricing (VWAP) formula to determine the prevailing price against which the discount-to-market shall apply.