Note holder #2 might end up with around 5,681,818 shares @ .0066 or so next Teus, Posssible Promotion time comming soon or some Positive PR
Promissory Note #2
On August 18, 2011, the Company received $37,500 cash and the Company issued a convertible promissory note in the amount of $37,500. The promissory note is unsecured, bears interest at 8% per annum, and matures on May 22, 2012. During the year ended December 30, 2011, the Company accrued $845 interest expense.
Promissory Note #2 - (cont’d)
The note may be converted at the option of the holder into Common stock of the Company. The conversion price is 55% of the market price, where market price defined as “the average of the lowest three of the last ten closing trading prices on the OTCBB immediately prior to conversion date”.
2012/05/17 0.015 0.015 0.011 0.011 157,101 0.011
2012/05/16 0.015 0.020 0.015 0.016 79,834 0.016
2012/05/15 0.010 0.020 0.010 0.018 31,500 0.018
2012/05/14 0.010 0.022 0.010 0.022 39,430 0.022
2012/05/11 0.016 0.018 0.016 0.018 49,996 0.018
2012/05/10 0.017 0.017 0.016 0.016 66,401 0.016
2012/05/09 0.017 0.017 0.016 0.017 182,050 0.017