Annual report out today .
Looks like they have reduced and negotiated down almost all the convertible notes and debt . Looks like a nice run coming here IMO!
Convertible Notes Payable
For the year ended March 31, 2022, the Company had convertible notes payable and accrued interest in the amount of $589,499 compared to $3,989,676 in the prior fiscal year ended March 31, 2021. During the three months ended September 30, 2021, the Company negotiated the reduction of $1,500,000 in convertible note principal along with $2,041,045 in accrued interest through the issuance of 41,500,000 of its common shares. As a result, the Company recognized “other income” from the extinguishment of debt of $3,499,545.
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