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Replies to post #3009 on Phoenix Rising Companies Inc (PRCX)
Jaythesaabguy
08/06/20 2:31 PM
#3013 RE: skichic #3009
tchalla
08/06/20 2:58 PM
#3023 RE: skichic #3009
DaReal
08/07/20 6:13 AM
#3148 RE: skichic #3009
NOTE 8 - CONVERTIBLE NOTE During the three months ended March 31, 2020, the Company issued a total principal amount of $112,750 convertible note for cash proceeds of $90,000. The terms of convertible note are summarized as follows: •Term: 10 months; •Annual interest rates: 12%; •Convertible at the option of the holders at any time; •Conversion prices are based on discounted (35% - 50% discount) lowest trading prices of the Company’s shares during various periods prior to conversion. Convertible Notes – Issued during the year ended December 31, 2019 During the year ended December 31, 2019, the Company issued a total principal amount of $338,000 convertible notes for cash proceeds of $310,000. The convertible notes were also provided with a total of 112,500 warrants. The terms of convertible notes are summarized as follows: •Term: 12 months - 18 months; •Annual interest rates: 8% - 10%; •Convertible at the option of the holders at any time or 180 days from issuance. •Conversion prices are based on discounted (35% - 40% discount) lowest trading prices of the Company’s shares during various periods prior to conversion. Certain note has a fixed conversion price of $1.
Chenteddybear
08/07/20 6:53 AM
#3149 RE: skichic #3009