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Arthur

04/18/18 1:21 PM

#134621 RE: janice shell #134620

Elsewhere in the 10-K, RAKR states

The Company settled these liabilities on January 31, 2018 through the issuance of 297,552 restricted common stock at prices ranging from $0.42 to $0.57 per stock.



But:

On January 4, 2018 the Company entered into a $120,000 convertible promissory note. The note is non-interest bearing for the first 90 days and convertible into common stock of the Company during that period. On February 26, 2018 the Note was converted into 342,857 common stock at $0.35 per stock.



No mention of restricted shares in that particular item.