Not sure if all prior conversions are finished, but that is a good possibility, based on recent volume, then the next note for $38,500 plus interest is eligible for conversion after Mon. Jan.24th
Conversion price is not set yet, as it is dependent on the daily lows of the 15 day trading period prior to it’s conversion. No guarantee on my math.
On July 28, 2021, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $38,500 less transaction costs of $3,500 bearing a 12% annual interest rate and maturing July 28, 2022 for $35,000 in cash. After 180 days after the issue date, this Note together with any unpaid accrued interest is convertible into shares of common stock of the Company at the Holder’s option at a variable conversion price calculated at 65% of the market price defined as the average of the lowest two trading prices during the fifteen (15) trading day period ending on the latest complete trading day prior to the conversion date.
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