HJOE post by james885 Here's just 1 example of th
Post# of 15187
Posted On: 01/30/2016 4:03:16 PM
HJOE post by james885 Here's just 1 example of the outrageous profits Asher/KBM makes off their notes when their paid off in cash before they can start their conversions making even more money. If these high rates of penalties and interest aren't illegal they should be. It doesn't matter if this is a good company or not they lived up to their part of the bargain and paid the note off in cash. The repayment amount required is ridiculous for a 6 month loan.
http://www.otcmarkets.com/edgar/GetFilingHtml...ID=9427321
8-K: Convertible Promissory Note dated February 4, 2013 with Asher Enterprises, Inc. in the principal amount of $42,500 (the “Note”), please be advised that Minerco Resources, Inc. (the “Company”) is exercising its right, on not
less than three (3) trading days prior written notice to you, to prepay the outstanding principal and accrued interest on the Note in full.
On August 1, 2013, the company prepaid the Note, including accrued interest and prepayment penalties, in the amount of $75,846.78 from cash on hand in the form of a bank wire transfer to Asher Enterprises, Inc.
All terms and descriptions have the meaning set forth in the Convertible Promissory Note, dated February 4, 2013, and are incorporated herein by reference.
http://www.otcmarkets.com/edgar/GetFilingHtml...ID=9427321
8-K: Convertible Promissory Note dated February 4, 2013 with Asher Enterprises, Inc. in the principal amount of $42,500 (the “Note”), please be advised that Minerco Resources, Inc. (the “Company”) is exercising its right, on not
less than three (3) trading days prior written notice to you, to prepay the outstanding principal and accrued interest on the Note in full.
On August 1, 2013, the company prepaid the Note, including accrued interest and prepayment penalties, in the amount of $75,846.78 from cash on hand in the form of a bank wire transfer to Asher Enterprises, Inc.
All terms and descriptions have the meaning set forth in the Convertible Promissory Note, dated February 4, 2013, and are incorporated herein by reference.
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