Posted On: 04/30/2014 11:04:03 AM
Post# of 5949
Indeed, Vape. Couldn't agree more. Let's do the math...
Why would Angel tell me, "Fins are done..." and then three weeks later tell both you and I, "...Fins are with "Attorneys" and "Accountants?"
Why? Something major changed (or is about to change)...
No need for Angel to say it, it's pretty easy to figure things out.
He even pointed out his game plan here,
Note 6
–
Notes Payable: On October 18, 2011 the Company entered into a $200,000 unsecured, convertible loan which accrued interest at a rate of 18% per annum with Baron Capital Enterprise, Inc., (“BCAP”) in exchange for the return of 800,000 shares of Series A preferred stock, which were remitted to the Company for cancellation in the three month period ended March 30, 2012.
On May 29, 2012, the Company and BCAP agreed to modify the terms of the note such that (i) it no longer accrues interest, (ii) is no longer convertible into common stock, and (iii) payment would be made through a portion (20%) of the proceeds of a private securities offering , up to a maximum received value for BCAP of $200,000 .
http://www.otcmarkets.com/financialReportView...p;id=94646
And executed here, page 6,
http://www.otcmarkets.com/financialReportView...;id=117835
This is all IMHO, of course.
Why would Angel tell me, "Fins are done..." and then three weeks later tell both you and I, "...Fins are with "Attorneys" and "Accountants?"
Why? Something major changed (or is about to change)...
No need for Angel to say it, it's pretty easy to figure things out.
He even pointed out his game plan here,
Note 6
–
Notes Payable: On October 18, 2011 the Company entered into a $200,000 unsecured, convertible loan which accrued interest at a rate of 18% per annum with Baron Capital Enterprise, Inc., (“BCAP”) in exchange for the return of 800,000 shares of Series A preferred stock, which were remitted to the Company for cancellation in the three month period ended March 30, 2012.
On May 29, 2012, the Company and BCAP agreed to modify the terms of the note such that (i) it no longer accrues interest, (ii) is no longer convertible into common stock, and (iii) payment would be made through a portion (20%) of the proceeds of a private securities offering , up to a maximum received value for BCAP of $200,000 .
http://www.otcmarkets.com/financialReportView...p;id=94646
And executed here, page 6,
http://www.otcmarkets.com/financialReportView...;id=117835
This is all IMHO, of course.
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