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Posted On: 05/16/2018 7:46:26 AM
Post# of 99131
$JFIL Share structure as of 5/2/2018:
A/S: 75,000,000
O/S: 18,185,708
Restricted: 10,754,686
Float: 1,827,321
https://www.otcmarkets.com/stock/JFIL/security
DEBT-FREE! From Quarterly Report Ending August 31, 2017:
NOTE 5 – CONVERTIBLE DEBT
On December 9, 2015, the Company issued convertible promissory notes totaling $60,000. At the time of issuance, the notes were evaluated and were determined to contain embedded conversion options that must be bifurcated and reported at fair value with original issue discounts. As a result, a derivative discount on convertible promissory notes was recorded. During the second quarter ended at August 31, 2017, the company paid off the remaining outstanding note balance in full with 140% interest. As a result, the convertible note balance net of discount amortization for the six months ended August 31, 2017 amounted is zero.
A/S: 75,000,000
O/S: 18,185,708
Restricted: 10,754,686
Float: 1,827,321
https://www.otcmarkets.com/stock/JFIL/security
DEBT-FREE! From Quarterly Report Ending August 31, 2017:
NOTE 5 – CONVERTIBLE DEBT
On December 9, 2015, the Company issued convertible promissory notes totaling $60,000. At the time of issuance, the notes were evaluated and were determined to contain embedded conversion options that must be bifurcated and reported at fair value with original issue discounts. As a result, a derivative discount on convertible promissory notes was recorded. During the second quarter ended at August 31, 2017, the company paid off the remaining outstanding note balance in full with 140% interest. As a result, the convertible note balance net of discount amortization for the six months ended August 31, 2017 amounted is zero.
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