Replies to post #46932 on Asia Broadband Inc (AABB)

[Don]

Since 3/31 the OS has increased by 200,000,000 shares. Those shares converted at 0.0004. This would make the debt reduction $80,000. This reduces the outstanding debt to $744,000. At this rate there will need to be an additional 1,860,000,000 shares converted to zero the debt.

There's your math...

[alidare]

“5. Convertible Notes Payable
On January 15, 2016, the Company received $311,000 from Whitecastle Capital Corp. for a
convertible note with an interest rate of 8% per annum and has conversion price of $0.05,
after a 2 year period, and a 4 year term to maturity. At the option of the holder, the note was
increased by $600,000 in 2020. As of March 31, 2021, the total amount of the debt
outstanding with accrued interest was $824,946.
On February 18, 2016, the Company received $1,450,000 from Time Call North America
LLC for a convertible note with an interest rate of 6.4% per annum. The note had a
conversion price of $0.25, after a 2 year period, and a 4 year term to maturity. As of
December 31, 2020, the total amount of the note outstanding with accrued interest was zero
and the note was retired.”