Posted On: 02/23/2016 12:52:45 PM
Post# of 3605
Is Coates diluting shares? See this part of latest 8k:
"These notes may be prepaid during the first six months the notes are outstanding by paying a prepayment penalty 50%. The Company has reserved 100,000,000 shares of its unissued common stock for potential conversion of the convertible note.
The convertible promissory note was privately offered and sold to the Holder in reliance on specific exemptions from the registration requirements of the United States federal and state securities laws which the Registrant believes are available to cover this transaction based on representations, warranties, agreements,. ..."
"These notes may be prepaid during the first six months the notes are outstanding by paying a prepayment penalty 50%. The Company has reserved 100,000,000 shares of its unissued common stock for potential conversion of the convertible note.
The convertible promissory note was privately offered and sold to the Holder in reliance on specific exemptions from the registration requirements of the United States federal and state securities laws which the Registrant believes are available to cover this transaction based on representations, warranties, agreements,. ..."
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