Replies to post #41909 on EVIO Inc (EVIO)

[tothe]

Outstanding notes from 10-k & 10-q

 
 The following table summarizes all convertible notes outstanding as of September 30, 2017: 
  
 Holder        Issue Date    Due Date  Principal 
 Noteholder 1    8/2/2017    3/2/2018   $125,000   
 Noteholder 1    7/14/2017   7/14/2018   275,600  
 Noteholder 1    8/14/2017   8/14/2018   275,600  
 Noteholder 4    3/2/2017    3/2/2018     69,000  
 Noteholder 4    6/5/2017    3/2/2018    125,000  
 Noteholder 4    7/14/2017   7/14/2018   275,600  
 Noteholder 4    8/14/2017   8/14/2018   275,600 
  
 Subsequent to Sep 30, page F-36 
 * On January 1, 2018, the Company completed its acquisition of C3 Labs, LLC (“C3 Labs”). In consideration of a 60% ownership, the Company issued a $500,000 convertible note payable which carries no interest and matures on June 30, 2018. Upon maturation, the note will convert to common stock of the Company at $0.75 per share. Additionally, the Company issued a $100,000 note payable due on March 31, 2018 
  
 For notes see page F-23 
 https://ih.advfn.com/p.php?pid=nmona&article=76493156 
  
 * On August 14, 2017, Signal Bay, Inc. (the “Company”) entered into an 8% convertible promissory note (the "Note") with LG Capital Funding, LLC. ("Lender") in the amount of $275,600. The company received $250,000 and it was funded on August 18, 2017 (Purchase Date). 
 Date (180 days) due February 2018 
 https://www.sec.gov/Archives/edgar/data/715788/000147793217004158/sgby_8k.htm

 
 The following table summarizes all convertible notes outstanding as of December 31, 2017:  
                   Holder        Issue Date    Due Date   Principal  
                  Noteholder 1    7/14/2017    7/14/2018  $275,600   
                  Noteholder 1    8/14/2017    8/14/2018  $275,600   
                  Noteholder 4    7/14/2017    7/14/2018  $275,600   
                  Noteholder 4    8/14/2017    8/14/2018  $275,600 
 see pages 18 &19 
 https://ih.advfn.com/p.php?pid=nmona&article=76705886

[tarballmonger]

The March 2 notes were already converted into shares.

As per the last Q there are 4 convertibles outstanding for about $1.1M
They are due in July and August, but all were eligible for conversion in Jan. and Feb.

With the decrease in daily volume, it suggests we have a way to go to get through the current dilution period. As I have noted before, the conversion price of these notes may provide a floor. However, if converters have obtained good prices on part of their holdings, they could be inclined to sell down below their cost price, as the sale price average might provide enough reward.

These are the mysteries of toxic financing.

BTW/ there's a $1M non convertible note due in July.

EVIO better get its revenues up pretty soon, methinks.

GLTY