" In January 2013, February 2013, January 2013, M
Post# of 167
" In January 2013, February 2013, January 2013, May 2013, and June 2013 the Company borrowed $10,600, $32,500, 42,500 and $32,500 respectively, from Asher Enterprises, Inc. All four notes accrue interest at the rate of 8% per annum. They are due on September 16, 2013, October 28, 2013, January 22, 2014, and March 17, 2014, respectively. These notes are convertible by the holder after 180 days at 65% of the average of the lowest five closing bid prices in the ten trading day period before the conversion. The note has no financial covenants. The notes as of June 30, 2013 have accrued interest of $2,082. As of June 30, 2013 Asher converted 70,000 of its principle from its prior notes into 9,904,522 shares of common stock."
So that would mean only $48,000 is left and isn't anything to worry or frit about!!!