Replies to post #73612 on Sycamore Entertainment Group Inc (SEGI)

[CAYO]

Bought at 0.028. See what happens. CAYÓ.

[Myth]

Note Settlements

In April of 2021, the Company entered into an amendment with the noteholder with a principal balance of $150,000 plus accrued interest. The noteholder agreed to settle for $500,000 in cash and a maximum conversion of 30,000,000 common shares.

In April of 2021, the Company entered into an amendment with the noteholder with a principal balance of $173,643. The noteholder agreed to cap his combined conversion rights on these notes to 100,000,000 common shares.

In April of 2021, the Company entered into an amendment with the noteholder with a principal balance of $8,000. The noteholder agreed to retire the note for 1,000,000 common shares. The Company recorded a gain on these note settlements of $419,898,118 which is reflected in gain on derivative liability in the accompanying financial statements.