Where did all the money go???? Where are these coveted sales from the furniture industry that have been touted here on this board? They are selling on Amazon??!! What is the benefit to all the shareholders from this amount of dilution??
Peak One Opportunity Fund, L.P.
$435,000 of original issue discount notes in three tranches as follows:
• July 17, 2018 principal $85,000 with an imputed interest rate of 6%, discounted by 10% and $5,000 for legal fees for a net of $71,500 due three years from the funding date. The Company has the option of receiving two additional amounts ninety days apart;
• September 14, 2018 $150,000 principal $135,000 net
• November 13, 2018 a final $200,000 principal $180,000 net.
Conversion Rate:
• A price equal to 65% of the lowest traded price for the twenty trading days immediately preceding the date of the date of conversion.
Crown Bridge Partners, LLC
$100,000 of original issue discount notes in two tranches as follows:
• August 6, 2018 principal $50,000 bearing interest at 8%, discounted by 10% and $2,000 for legal fees for a net of $43,000 due one year from the funding date;
• The remaining tranche may be funded at the holder's discretion.
Conversion Rate:
• A price equal to 65% of the average of the two lowest traded prices for the twenty-five trading days immediately preceding the date of the date of conversion.
Jan 29, EMA, $80,000 @ 12%
• Maturity: Jan 29, 2019
• Net Cash Proceeds: $72,300
• Amount Converted: $24,640
Feb 13, 2018, FirstFire Global, $76,500 @ 5%
• Maturity: Nov 13, 2018
• Net Cash Proceeds: $72,500
• Amount Converted: $62,375
Feb 14, 2018 Auctus @ 12%
• Maturity: Nov 14, 2018
• Net Cash Proceeds: $72,500
• Amount Converted: $58,850
May 23, 2018 – Power Up, $83,000 @ 12%
• Maturity: May 23, 2019
• Net Cash Proceeds: $80,000
• Amount Converted: $0.00
June 25, 2018 – Power Up, $68,000 % 12%
• Maturity: June 25, 2019
• Net Cash Proceeds: $$65,000
• Amount Converted: $0.00
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