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Posted On: 02/21/2018 7:41:55 PM
Post# of 4081
Re: lubberboy28 #1806
IMHO, the increase in the O/S was due primarily to the convertible notes payable, in the amount of $14,115, that was sitting on the books at the end of 2016. Anying Huang purchased the note and converted the note as follows, per the September 30, 2017 financials:
March 8,2017, he converted $7,800 into 78,000,000 common shares
May 25, 2017, he converted $1,250 into 12,500,000 common shares
August 8, 2017, he converted $3,650 into 36,500,000 common shares
Based upon the above, there should be around $1,415 remaining on the note, but only $715 shows up as notes payable on the September 30, 2017 financial report. So $700 was settled in another manner, which I was not able to decipher. I hope this helps. You can find all of the financials on the JBZY-OTC website.
https://www.otcmarkets.com/stock/JBZY/disclosure
March 8,2017, he converted $7,800 into 78,000,000 common shares
May 25, 2017, he converted $1,250 into 12,500,000 common shares
August 8, 2017, he converted $3,650 into 36,500,000 common shares
Based upon the above, there should be around $1,415 remaining on the note, but only $715 shows up as notes payable on the September 30, 2017 financial report. So $700 was settled in another manner, which I was not able to decipher. I hope this helps. You can find all of the financials on the JBZY-OTC website.
https://www.otcmarkets.com/stock/JBZY/disclosure
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