Replies to post #23811 on ABCO Energy Inc. (ABCE)

[Nitzpin]

I think he just sold? A bit of a sell off at the moment.....

[Traderfan]

All I said is correct and 100% as it is. 4 months ago they told us they were paying off the last of their convertibles and then we are free of this stuff. It was one of the best buys out there. Since then they entered into 3 new toxic notes and now this 8k where a toxic deal (although with only a 15% discount) is underlined.



Quote from the 8k back then:

The company agreed to file a new registration statement on or before September 5, 2018 to register for resale the Put shares. The registration statement must be effective with the SEC before Investor is obligated to purchase any Put Shares. In addition, the company issued to Investor a one year $150.000 convertible note as a commitment fee for its purchase of Put Shares to register all Put shares aquired under the Equity Purchase agreement

So not only will they start with the Put Shares now, there is another 150k convertible note on top of it which is getting into play here. I don't care whether anyone buys, sells or does nothing, it's just facts.