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Replies to post #5661 on MedX Holdings Inc (MEDH)
Recently, a pre-existing convertible debenture was presented for conversion and denied. The original owner Ci3 Companies sold their interest in a $3,000.00 Note to Q Equity Corp for an undisclosed amount with the intentions of liquidating 12,000,000 converted shares into the market. This request was denied for the following reasons:
1. The sale of the debenture was never presented to management for review to approve the transaction as stated in the original Convertible Debenture; therefore, making the Note worthless.
2. The documents presented were done in a fraudulent manner that was inaccurate, and when vetted against previous documentation proved to be false and misleading.
This Convertible Note carries no interest and no due date. The Board of Directors have concluded that the $3,000.00 will be paid to the original Note Holder and the debt will be removed from the books. The company was then prompted to initiate safe guards against fraud like this in the future by requiring a stock issuance affidavit from the CEO or Chairman of the Board for any future conversions that may occur.
On his LinkedIn page, Denis Bolbat posted a message which he signed “Denis Bolbat – Q Equity Corp”
