Posted On: 04/30/2014 4:36:20 PM
Post# of 1352
Re: PhilWelican #655
Yep, Paid Asher off...NO SHARES..CASH.
On April 21, 2014, we filed a Current Report on Form 8-K announcing our receipt of a notice of default (the “ Notice ”) related to an 8% Convertible Promissory Note in the principal face amount of $47,500 (the “ Note ”) that we had sold to Asher Enterprises, Inc. (“ Asher ”).
Prior to receipt of the Notice from Asher we were working with Asher to negotiate and complete a settlement of amounts owed by us under the Note. On April 25, 2014, we paid Asher $72,530.55 in full satisfaction of our obligations under the Note.
On April 21, 2014, we filed a Current Report on Form 8-K announcing our receipt of a notice of default (the “ Notice ”) related to an 8% Convertible Promissory Note in the principal face amount of $47,500 (the “ Note ”) that we had sold to Asher Enterprises, Inc. (“ Asher ”).
Prior to receipt of the Notice from Asher we were working with Asher to negotiate and complete a settlement of amounts owed by us under the Note. On April 25, 2014, we paid Asher $72,530.55 in full satisfaction of our obligations under the Note.
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