REDG News 08/31/2014 00:29:42 $REDG
bennys hands must be cramping with all the notes hes been signing. I can see we whould expect much of the same in sept and oct.
TWELVE PERCENT (12%) CONVERTIBLE PROMISSORY NOTE DATED DECEMBER 30, 2013
FOR VALUE RECEIVED of the signed Settlement Agreement and Release, RED GIANT ENTERTAINMENT, INC., a Nevada corporation (hereinafter called “Borrower” or the “Company”), hereby promises to pay to AGS CAPITAL GROUP, LLC or its assigns or successors-in-interest (the “Holder”) or order, without demand, the aggregate principal amount of ONE HUNDRED FORTY-SEVEN THOUSAND THREE HUNDRED AND SEVENTY NINE DOLLARS AND FIFTY CENTS $147,379.50
On January 7, 2014, we entered into a 8% Convertible Promissory Note (the “Asher Note”) and Securities Purchase Agreement (the “Asher SPA”) with Asher in the principal amounts of $32,500. These agreements were substantially in the form of our previous agreements with Asher filed as Exhibits 4.9 and 4.10 to our Annual Report on Form 10-K filed with the SEC on December 5, 2013, and the following description of the Asher SPA and Asher Note are qualified in their entirety by reference to the full text of such exhibits.
EIGHTEEN PERCENT (18%) CONVERTIBLE PROMISSORY NOTE DATED JANUARY 8, 2014
FOR VALUE RECEIVED of the signed Settlement Agreement and Release, RED GIANT ENTERTAINMENT, INC., a Nevada corporation (hereinafter called “Borrower” or the “Company”), hereby promises to pay to AGS CAPITAL GROUP, LLC or its assigns or successors-in-interest (the “Holder”) or order, without demand, the aggregate principal amount of ONE HUNDRED FORTY-SEVEN THOUSAND THREE HUNDRED AND SEVENTY NINE DOLLARS AND FIFTY CENTS $147,379.50
On March 5, 2014, we issued a $53,000 8% convertible, redeemable note (the “LG Note”) to LG with an original issue discount covering $3,000 in LG’s legal fees in connection with the LG Note. The LG Note is due and payable on March 5, 2015, with interest payable in shares of our common stock. If we fail to repay the LG Note upon maturity, a default interest rate of 24% shall also apply from such date, or at the highest rate permitted by law. We may redeem the LG Note with a payment of 150% of the outstanding principal amount during the first 180 days of the LG Note, and are required to redeem the LG Note upon certain sales events as set forth in the LG Note.
On April 2, 2014, we received funding of the third of four $75,000 Back End Notes in the form filed as Exhibit 4.12 to our Annual Report on Form 10-K filed with the SEC on December 5, 2013. The disclosures regarding the Back End Notes contained in “Part II Item 2. Unregistered Sales of Equity Securities and Use of Proceeds” are incorporated herein by reference.
On April 28, 2014, we issued a $40,000 8% Convertible Redeemable Note to GEL (the "GEL Note"
in exchange for a $40,000 Collateralized Secured Promissory Note due December 27, 2014 (contingent on our continuing to meet current information requirements of Rule 144 under the Securities Act) issued by GEL to us (the "GEL Payment Note" , bearing interest at the rate of 8% per annum and secured by a $75,000 8% convertible promissory note issued by BioNeutral, Inc. to GEL. Provided, however, we agreed that to reimburse GEL $6,000 in legal fees and due diligence fees paid by GEL.
On May 24, 2014, we entered into a Securities Purchase Agreement with LG (the "LG SPA" under which we agreed to issue two 9% convertible notes in the principal amount of $50,000 each for an aggregate principal amount of $100,000 (each a "LG Note" in exchange for (i) $50,000 in cash for the first LG Note; and (ii) for the second LG Note, a $50,000 promissory note issued by LG to us (the "LG Payment Note" due January 30, 2015 (contingent on our continuing to meet current information requirements of Rule 144 under the Securities Act)
On June 10, 2014, we issued a $50,000 12% Convertible Note (the "JSJ Note" to JSJ. The JSJ Note is due and payable on demand at a premium of 150% of the principal amount. If we fail to repay the JSJ Note on demand, a default interest rate of 10% shall also apply from such date. We may not prepay this Note.
On July 25, 2014, we issued a $100,000 22% Convertible Note (the "JSJ Note" to JSJ. The JSJ Note is due and payable on January 25, 2015 at a premium of 150% of the principal amount upon approval and acceptance by JSJ, with the principal balance of the note payable on demand. If we fail to repay the JSJ Note on demand, a default interest rate of 22% shall also apply from such date. We may not prepay this Note.
On August 20, 2014, we issued a $50,000 22% Convertible Note (the "JSJ Note" to JSJ. The JSJ Note is due and payable on February 20, 2015 at a premium of 150% of the principal amount upon approval and acceptance by JSJ, with the principal balance of the note payable on demand. If we fail to repay the JSJ Note on demand, a default interest rate of 22% shall also apply from such date. We may not prepay this Note.
Wishful thinker!! LMFAO
REDG Stock Message Board http://investorshangout.com/Red-Giant-Enterta...EDG-87531/
Quote:
Thanks DOLL for being such a good advocate! What would us long do without you?
Continue to lose money.
This is true..... Greed isn't the way to make money for sure... Yet another commandment that I broke... Slapping myself silly for sure.... Thanks for the sensibilty... It's very much appreciated... ATB2U....
Haha true that! Well consider expanding.
I will copyright that line before he can use it.
Yup will continue to buy the dip!! Thanks DOLL for being such a good advocate! What would us long do without you?
Long $REDG.
Now that's one of the most honest and true statement other than what I've been saying here. You go girl!
If I ever took my company you would make money. Private is easier, when I decide to pay myself a lot of money I don't have investors up my butt saying I'm taking too much.
One more note LOL, Old benny will be using that line on you for the next 5 years, through the next 3 reverse splits.
PS. There is another $350,000 left to convert. Or let's see.... over 800,000,000 shares. Hey that's not bad, we can just buy those up and keep going north to silverland.
What's your ticker? I am willing to invest!!
One more NOTE with agreed TERRIBLE terms, longs are jumping the ship. Take a chill pill. I am going to remind you the great things about the company
-TRU
-BANDAI NAMCO
-GSL
-WSL MOVIE WITH LIN PICTURES
-EXPOSURE TV SERIES
-FCBD MONEY
If you can't handle the heat in OTC, sell and move on.
Don't worry Asher Jr, There is just a little overhang left. Once we take these big bad dilutors out, we will be home free to fly to the moon. But why stop at the moon when we can go to UrAnus or pluto or something.
Just turn your chart upside and it looks like we are breaking out!
REDG is golden for a run to silverland, followed by greenville.
Just gotta take out a little bit of overhang.
Sorry to disappoint your theory on this but I've started a business out of my garage and built it up to over 1mm in sales in less than 2 years (profitable after 6 months)without 1 loan just using a credit card, sold it and made more money than this pos. So, in point the company keeps taking in a shiz ton of money with notes and is in debt up to their azzes. Bro. Trust me it's a share selling scam.
the prepayment is a signature on a contract
thats all u can hope for with advertisers
People don't seem to understand that advertising is a service being payed for, and you will not get payed until you deliver (books are on the shelves). For example, the accountant i work with deals with a client (an advertiser) who deals with the all the screens surrounding times square in NYC. He was explaining to me the cost of his insurance alone is millions. His liability is so high because if his clients pay for a certain amount of screens and adds, and god forbid one screen does not work for a specific period of time, HE is liable, and therefore affects his bottom dollar.
Advertisers are not going to prepay for a service, or pay top dollar for a service that we may not be able to provide, especially considering the 10 day period tru has to terminate the deal.
Who needs advert contracts when you can take an unlimited amount of toxic notes in... all the while having a handy dandy trustworthy group of longs to support his criminal activities for years.
REDG XoXo
Quote:
Another thing: REDG will not see a dime of advertiser money early because of the 10 day cancellation deal with TRU. Would I be correct in this? After all, would you pay up front, in any amount, for a deal that could be pulled out from underneath your feet by a 3rd party outside of the 10 day agreement? Am I correct with this?
never expected advertisers ta pay early = no advertiser does that.....
what gives me the chilly willys is that bennyboy is still takin out shitty as eff loans on our hardearned dollas instead of factoring advert contracts like he said the co would be doin by now in his speech to teh $REDG nation a month ago
wheres the advert contracts, big boy???
Dilution will continue to take this stock lower. It's a bummer, but that's what happens with toxic lending/financing.
Last one out, get the lights.
Seems as though the board has gone to the dark side.
bennys hands must be cramping with all the notes hes been signing. I can see we whould expect much of the same in sept and oct.
TWELVE PERCENT (12%) CONVERTIBLE PROMISSORY NOTE DATED DECEMBER 30, 2013
FOR VALUE RECEIVED of the signed Settlement Agreement and Release, RED GIANT ENTERTAINMENT, INC., a Nevada corporation (hereinafter called “Borrower” or the “Company”), hereby promises to pay to AGS CAPITAL GROUP, LLC or its assigns or successors-in-interest (the “Holder”) or order, without demand, the aggregate principal amount of ONE HUNDRED FORTY-SEVEN THOUSAND THREE HUNDRED AND SEVENTY NINE DOLLARS AND FIFTY CENTS $147,379.50
On January 7, 2014, we entered into a 8% Convertible Promissory Note (the “Asher Note”) and Securities Purchase Agreement (the “Asher SPA”) with Asher in the principal amounts of $32,500. These agreements were substantially in the form of our previous agreements with Asher filed as Exhibits 4.9 and 4.10 to our Annual Report on Form 10-K filed with the SEC on December 5, 2013, and the following description of the Asher SPA and Asher Note are qualified in their entirety by reference to the full text of such exhibits.
EIGHTEEN PERCENT (18%) CONVERTIBLE PROMISSORY NOTE DATED JANUARY 8, 2014
FOR VALUE RECEIVED of the signed Settlement Agreement and Release, RED GIANT ENTERTAINMENT, INC., a Nevada corporation (hereinafter called “Borrower” or the “Company”), hereby promises to pay to AGS CAPITAL GROUP, LLC or its assigns or successors-in-interest (the “Holder”) or order, without demand, the aggregate principal amount of ONE HUNDRED FORTY-SEVEN THOUSAND THREE HUNDRED AND SEVENTY NINE DOLLARS AND FIFTY CENTS $147,379.50
On March 5, 2014, we issued a $53,000 8% convertible, redeemable note (the “LG Note”) to LG with an original issue discount covering $3,000 in LG’s legal fees in connection with the LG Note. The LG Note is due and payable on March 5, 2015, with interest payable in shares of our common stock. If we fail to repay the LG Note upon maturity, a default interest rate of 24% shall also apply from such date, or at the highest rate permitted by law. We may redeem the LG Note with a payment of 150% of the outstanding principal amount during the first 180 days of the LG Note, and are required to redeem the LG Note upon certain sales events as set forth in the LG Note.
On April 2, 2014, we received funding of the third of four $75,000 Back End Notes in the form filed as Exhibit 4.12 to our Annual Report on Form 10-K filed with the SEC on December 5, 2013. The disclosures regarding the Back End Notes contained in “Part II Item 2. Unregistered Sales of Equity Securities and Use of Proceeds” are incorporated herein by reference.
On April 28, 2014, we issued a $40,000 8% Convertible Redeemable Note to GEL (the "GEL Note"
in exchange for a $40,000 Collateralized Secured Promissory Note due December 27, 2014 (contingent on our continuing to meet current information requirements of Rule 144 under the Securities Act) issued by GEL to us (the "GEL Payment Note" , bearing interest at the rate of 8% per annum and secured by a $75,000 8% convertible promissory note issued by BioNeutral, Inc. to GEL. Provided, however, we agreed that to reimburse GEL $6,000 in legal fees and due diligence fees paid by GEL. On May 24, 2014, we entered into a Securities Purchase Agreement with LG (the "LG SPA"
under which we agreed to issue two 9% convertible notes in the principal amount of $50,000 each for an aggregate principal amount of $100,000 (each a "LG Note" in exchange for (i) $50,000 in cash for the first LG Note; and (ii) for the second LG Note, a $50,000 promissory note issued by LG to us (the "LG Payment Note" due January 30, 2015 (contingent on our continuing to meet current information requirements of Rule 144 under the Securities Act) On June 10, 2014, we issued a $50,000 12% Convertible Note (the "JSJ Note"
to JSJ. The JSJ Note is due and payable on demand at a premium of 150% of the principal amount. If we fail to repay the JSJ Note on demand, a default interest rate of 10% shall also apply from such date. We may not prepay this Note. On July 25, 2014, we issued a $100,000 22% Convertible Note (the "JSJ Note"
to JSJ. The JSJ Note is due and payable on January 25, 2015 at a premium of 150% of the principal amount upon approval and acceptance by JSJ, with the principal balance of the note payable on demand. If we fail to repay the JSJ Note on demand, a default interest rate of 22% shall also apply from such date. We may not prepay this Note. On August 20, 2014, we issued a $50,000 22% Convertible Note (the "JSJ Note"
to JSJ. The JSJ Note is due and payable on February 20, 2015 at a premium of 150% of the principal amount upon approval and acceptance by JSJ, with the principal balance of the note payable on demand. If we fail to repay the JSJ Note on demand, a default interest rate of 22% shall also apply from such date. We may not prepay this Note. Wishful thinker!! LMFAO
REDG Stock Message Board http://investorshangout.com/Red-Giant-Enterta...EDG-87531/
Quote:
Thanks DOLL for being such a good advocate! What would us long do without you?
Continue to lose money.
This is true..... Greed isn't the way to make money for sure... Yet another commandment that I broke... Slapping myself silly for sure.... Thanks for the sensibilty... It's very much appreciated... ATB2U....
Haha true that! Well consider expanding.
I will copyright that line before he can use it.
Yup will continue to buy the dip!! Thanks DOLL for being such a good advocate! What would us long do without you?
Long $REDG.
Now that's one of the most honest and true statement other than what I've been saying here. You go girl!
If I ever took my company you would make money. Private is easier, when I decide to pay myself a lot of money I don't have investors up my butt saying I'm taking too much.
One more note LOL, Old benny will be using that line on you for the next 5 years, through the next 3 reverse splits.
PS. There is another $350,000 left to convert. Or let's see.... over 800,000,000 shares. Hey that's not bad, we can just buy those up and keep going north to silverland.
What's your ticker? I am willing to invest!!
One more NOTE with agreed TERRIBLE terms, longs are jumping the ship. Take a chill pill. I am going to remind you the great things about the company
-TRU
-BANDAI NAMCO
-GSL
-WSL MOVIE WITH LIN PICTURES
-EXPOSURE TV SERIES
-FCBD MONEY
If you can't handle the heat in OTC, sell and move on.
Don't worry Asher Jr, There is just a little overhang left. Once we take these big bad dilutors out, we will be home free to fly to the moon. But why stop at the moon when we can go to UrAnus or pluto or something.
Just turn your chart upside and it looks like we are breaking out!
REDG is golden for a run to silverland, followed by greenville.
Just gotta take out a little bit of overhang.
Sorry to disappoint your theory on this but I've started a business out of my garage and built it up to over 1mm in sales in less than 2 years (profitable after 6 months)without 1 loan just using a credit card, sold it and made more money than this pos. So, in point the company keeps taking in a shiz ton of money with notes and is in debt up to their azzes. Bro. Trust me it's a share selling scam.
the prepayment is a signature on a contract
thats all u can hope for with advertisers
People don't seem to understand that advertising is a service being payed for, and you will not get payed until you deliver (books are on the shelves). For example, the accountant i work with deals with a client (an advertiser) who deals with the all the screens surrounding times square in NYC. He was explaining to me the cost of his insurance alone is millions. His liability is so high because if his clients pay for a certain amount of screens and adds, and god forbid one screen does not work for a specific period of time, HE is liable, and therefore affects his bottom dollar.
Advertisers are not going to prepay for a service, or pay top dollar for a service that we may not be able to provide, especially considering the 10 day period tru has to terminate the deal.
Who needs advert contracts when you can take an unlimited amount of toxic notes in... all the while having a handy dandy trustworthy group of longs to support his criminal activities for years.
REDG XoXo
Quote:
Another thing: REDG will not see a dime of advertiser money early because of the 10 day cancellation deal with TRU. Would I be correct in this? After all, would you pay up front, in any amount, for a deal that could be pulled out from underneath your feet by a 3rd party outside of the 10 day agreement? Am I correct with this?
never expected advertisers ta pay early = no advertiser does that.....
what gives me the chilly willys is that bennyboy is still takin out shitty as eff loans on our hardearned dollas instead of factoring advert contracts like he said the co would be doin by now in his speech to teh $REDG nation a month ago
wheres the advert contracts, big boy???
Dilution will continue to take this stock lower. It's a bummer, but that's what happens with toxic lending/financing.
Last one out, get the lights.
Seems as though the board has gone to the dark side.
