Replies to post #15581 on NUGL, Inc. (NUGL)

[Mist1991]

"On September 28, 2018, the Company issued a $40,000 convertible promissory note for the period of one year at
8% interest for operating expenses. The company may repay the note at any time. The conversion price is the lesser of $0.001 per share, or 50% of the price of the common stock immediately prior to the forced conversion
date. The maximum allowable conversion percentage is 9.9%. "

PS: Everybody will choose $0.001 per share, this will get so much dillution, so much! This is just 40k$ note, they have 300k$ of this notes, imagine the DILLUITON!