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Posted On: 08/25/2022 9:51:05 AM
Post# of 2062
iv)On June 13, 2022, the Company issued a promissory note (“Note”) with a principal amount of $65,000. In consideration for issuing the Note, the Company agreed to issue 50,000,000 shares of common stock of the Company to the holder of the Note. The Note is due on December 31, 2022 and is secured by equipment. On June 13, 2022, the Company received $50,000 is cash. An additional, $15,000 of cash is due to the Company on July 6, 2022.
Just loan Mexus some money and not only will they agree to pay it back, using the equipment as collateral, but will also give you 50 million shares for your troubles?? That some interesting fiscal responsibility right there.(sarcasm)
So they gave the noteholder $65,000 worth of shares at .0013, plus still have to pay the $65,000 back.
Just loan Mexus some money and not only will they agree to pay it back, using the equipment as collateral, but will also give you 50 million shares for your troubles?? That some interesting fiscal responsibility right there.(sarcasm)
So they gave the noteholder $65,000 worth of shares at .0013, plus still have to pay the $65,000 back.
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