Convertible note due on August 22, 2015 (CN#1)On August 22, 2014, the Company entered into a convertible loan agreements with an investor (the “CN#1”), where under the Company has issued two 8% convertible redeemable notes in the aggregate principal amount of $250,000 with the first note being $125,000 and the second note being $125,000, , convertible into shares of the Company’s common stock upon the terms. Any portion of the loan and unpaid interest are convertible at any time at the option of the lender into shares of common stock of the Company at a conversion price equal to 52% of the lowest trading price of the Common Stock as reported on the OTCQB exchange for the twelve (12) prior trading days including the day upon which a Notice of Conversion is received by the Company.On August 22, 2014, the Company received net proceeds totaling $106,250 in respect to the first of the two notes in the totaling gross amount of $125,000. Financing fees of $12,500 and legal fees of $6,250 were paid in respect of the back end note which is due and payable on August 22, 2015.
www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10715686
Die Uhr tickt...und die nächsten CN sind im kommen...worauf wartet er?
Vollgas im Sales!!
www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10715686
Die Uhr tickt...und die nächsten CN sind im kommen...worauf wartet er?
Vollgas im Sales!!
