Replies to post #44 on Pacific Copper Corp (fka PPFP)

[jmurfk]

Yes, I realize their financials read like most other exploration plays. From OTC Markets;

Financial Reporting/Disclosure
Reporting Status U.S. Reporting: SEC Filer
Audited Financials Audited
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001387522
Fiscal Year End 10/31
OTC Market Tier OTCQB

[jmurfk]

Debt conversion financing/funding aka toxic financing. I have seen the effects it can have on the stock price when these note holders convert and dump their shares into the market.

I always viewed toxic financing as debt converted to shares at fractions of the current share price.

The conv debt here has conversion prices of .10-.16, with no clauses to lower the convertible rate.


On October 26, 2009, the Company issued 12% convertible notes to two investors with an aggregate face value of $20,000. The principal amount of the notes and interest is payable on October 26, 2011. While the note is outstanding, the investor has the option to convert the principal balance and interest, into common stock at a fixed conversion price of $0.10.