Cause i only see this on Page 12.....$52,000 a year ago and with interest probably long gone.....and looks like they bought back and retired any preffered debt?? Maybe im reading this wrong.....but what a crazy stock, or all dozens and hundreds even of bad penny stocks in this regards, to bash all these months by some, lol”
” NOTE 5: NOTE PAYABLE – NON-AFFILIATE On September 19, 2017 the Company secured a Convertible Promissory Note from River North Equity, LLC in the amount of $52,000. The Note bears interest at the rate of 6% per annum with payment deferred to the Note’s maturity date which has been extended to September 18, 2019. The Note holder may elect at any point during the Note’s pendency to convert the Note into restricted common shares of the Company at a fixed conversion price of $0.0261 per common share. In early October 2017 the Company redeemed the remaining Series B Preferred Stock held by a shareholder in exchange for the issuance of an on-demand Company Promissory Note with a face value of $110,000, which accrues interest at the rate of 6% per annum. The redeemed Preferred Stock has been returned to the Company Treasury. Also during the fiscal year the Company paid a non-material note to a former officer of the Company in full”.
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