I'm wrong, really? I read lenders claims that Kyle
Post# of 7802
Posted On: 09/12/2015 1:21:26 PM
Re: Coat Tail Rider #1592
I'm wrong, really? I read lenders claims that Kyle had invested MILLION$ of his own money in SFRX, yet I can't find that in the filings anywhere. So I assumed "a corporation" was Kyle.
If I am wrong, I will admit that, but I would like to see the lenders explain what they meant.
But getting back to the conversions of the two notes I posted, and we could go through them ALL OF THE NOTES if you like. There are some serious questions that need to be asked.
Now how would you like to "re-do" the terms on a note that allowed you to convert $12,500 into stock worth over $30K with the stroke of a pen? I realize you said you couldn't be done, but it's in the filing linked below.
Better yet, how would you like to turn $1700 in interest into shares worth well over $50K via a "re-do" of the note? It was right there in the notes I posted. You saw it, right?
During the year ended December 31, 2013, the Company repaid $30,000 in principal and the remaining $12,500 in principal was converted into 1,136,364 shares of the Company’s common stock.
During the year ended December 31, 2013, the full $42,500 in principal and $1,700 in accrued interest was converted into 3,226,278 shares of the Company’s common stock.
Page F-19 here: http://www.sec.gov/Archives/edgar/data/110621...-06335.htm
Now look at the charts along side the explanations of the notes and you'll see where the stock was trading at the time of conversion.
I'll be sure to apologize to shareholders when someone shows me where Kyle invested MILLION$ of his own money. I assumed the nameless corporation mentioned in the filings over and over had to be him.
If I am wrong, I will admit that, but I would like to see the lenders explain what they meant.
But getting back to the conversions of the two notes I posted, and we could go through them ALL OF THE NOTES if you like. There are some serious questions that need to be asked.
Now how would you like to "re-do" the terms on a note that allowed you to convert $12,500 into stock worth over $30K with the stroke of a pen? I realize you said you couldn't be done, but it's in the filing linked below.
Better yet, how would you like to turn $1700 in interest into shares worth well over $50K via a "re-do" of the note? It was right there in the notes I posted. You saw it, right?
During the year ended December 31, 2013, the Company repaid $30,000 in principal and the remaining $12,500 in principal was converted into 1,136,364 shares of the Company’s common stock.
During the year ended December 31, 2013, the full $42,500 in principal and $1,700 in accrued interest was converted into 3,226,278 shares of the Company’s common stock.
Page F-19 here: http://www.sec.gov/Archives/edgar/data/110621...-06335.htm
Now look at the charts along side the explanations of the notes and you'll see where the stock was trading at the time of conversion.
I'll be sure to apologize to shareholders when someone shows me where Kyle invested MILLION$ of his own money. I assumed the nameless corporation mentioned in the filings over and over had to be him.
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