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Replies to post #4078 on Rooshine Inc. (RSAU)
Dick T
05/15/19 2:51 PM
#4079 RE: georgeofthebungle #4078
tchalla
05/15/19 5:08 PM
#4085 RE: georgeofthebungle #4078
The Company has a loan payable to GPL LLC, an unrelated third party (“GPL”) issued March 19, 2018 at an interest rate of 5% per annum. The loan is due March 18, 2019. Pursuant to the loan agreement, GPL has the right to convert all or any portion of the accrued interest and unpaid principal balance of this note for shares of the Company’s common stock. Any amounts a Holder elects to convert will be converted into common stock at a conversion price equal to fifty-five percent (50%) of the lowest trading price for Common Stock for the twenty (20) trading days immediately prior to the date a conversion notice is delivered to Company or up to 15,171,442 as of March 31, 2019. The balance of this loan was $25,033 a