How many shares would they have to issue to get rid of EMET Capital and Mr. John Root which is all of the outstanding convertible debt except the Feb 12, 2019 to Eagle Equities? I have the numbers but I want to make sure your numbers matches mine and I used 50% discount on the share price for conversion purposes! Thank you
NOTE E - NOTES PAYABLE TO THIRD PARTIES
Notes payable to third parties consist of:
March 31, 2019
Convertible Promissory Note dated May 25, 2017 payable to Emet Capital Partners, LLC (“EMET”), interest at 5%, due May 25, 2018 (i) $ 2,799 Convertible Promissory Note dated September 14, 2017 payable to Emet Capital Partners, LLC (“EMET”), interest at 5%, due September 14, 2018 (ii) 16,500 Convertible Promissory Note dated January 9, 2018 payable to Emet Capital Partners, LLC (“EMET”), interest at 5%, due January 9, 2019-less unamortized debt discount of $0 and $550, respectively (iii) 24,000 Allonge to the Convertible Promissory Note dated September 14, 2017 payable to Emet Capital Partners, LLC (“EMET”), interest at 5%, due September 14, 2018 (iv) 14,520 Allonge 2 to the Convertible Promissory Note dated September 14, 2017 payable to Emet Capital Partners, LLC (“EMET”), interest at 5%, due September 14, 2018 (v) 6,600 Promissory Note dated March 28, 2017 payable to John T. Root, Jr., interest at 4%, due September 28, 2017, convertible into shares of common stock at a conversion price of $.001 per share. 375 Convertible Promissory Note dated February 12, 2019 payable to Eagle Equities, LLC (“Eagle”), interest at 6%, due February 12, 2020-less unamortized debt discount of $235,230 and $0, respectively (vi) 34,767 - Total $ 99,561
EMET is owed $64,419 on convertible notes at 50% of .14 per share John T. Root is owed $375 on a convertible note at .001 conversion per share!