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Posted On: 05/01/2020 9:20:31 PM
Post# of 82676
Quote:
“$33,000 of the notes are convertible at a fixed conversion price of $7,312,500 per share and $322,500 of the notes are convertible at a fixed conversion price of $9,750,000,000 per share, as defined in the note agreements.
At December 31, 2018, accrued interest due for the convertible notes – related parties was $563,805. During the year ended December 31, 2019, interest of $72,467 was accrued. At December 31, 2019, accrued interest due for the convertible notes – related parties was $636,272. During the year ended December 31, 2018, interest expense of $65,728 was accrued.”
“$33,000 of the notes are convertible at a fixed conversion price of $7,312,500 per share and $322,500 of the notes are convertible at a fixed conversion price of $9,750,000,000 per share, as defined in the note agreements.
At December 31, 2018, accrued interest due for the convertible notes – related parties was $563,805. During the year ended December 31, 2019, interest of $72,467 was accrued. At December 31, 2019, accrued interest due for the convertible notes – related parties was $636,272. During the year ended December 31, 2018, interest expense of $65,728 was accrued.”
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