Conectisys (CNES) had a 35% discount on all their outstanding CDs with Ribotsky. He recently gave them another small CD ($150K) and part of the deal was that all the remaining CDs be lowered to 40%! Sickening how easy it is to prey on the desparate.
Found one where AJW was getting an even higher discount, AVTI
The Notes bear interest at 8%, mature three years from the date of issuance, and are convertible into the Company’s common stock at any time, at the Purchasers' option, at 35% of the average of the three lowest intraday trading prices for the Common Stock for the 20 trading days ending the day before the date that the investors elect to convert. In addition, the conversion prices of outstanding notes payable to the same or related holders in the aggregate principal amount of approximately $6,978,000 issued from September 2005 through December 2007 were adjusted from 40% to 35% of the average of the three lowest intraday trading prices of the common stock for the 20 trading days preceding the date that the holders elect to convert.
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