The last couple of months would be in Q4. SFRX has
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Posted On: 12/28/2019 8:46:45 AM
Re: Coat Tail Rider #5512
The last couple of months would be in Q4. SFRX has released very little about Q4. You know something the market doesn't?
From the 10Q. Hardly $1MM raised.
NOTE 10 – SUBSEQUENT EVENTS
Subsequent to September 30, 2019 the Company issued or has agreed to issue shares of its common stock as follows (Unaudited):
(i) sales of 62,766,666 shares of common stock under subscription agreements for approximately $171,500 in proceeds, used for general corporate purposes, working capital and repayment of debt;
(ii) issuance of 760,409 shares of common stock for services; and
(iii) 34,000,000 shares of common stock with a value at $200,600 on the date of the agreement for the purchase of a vessel and trailer.
Subsequent to September 30, 2019 the following convertible notes payable went into default (Unaudited):
1) A convertible note payable originally due October 23, 2019 with a face amount of $20,000.
I wonder if the note went into default because SFRX is considered a shell risk.
Quote:
Unless you know who invested $1,000,000 over the last couple of months into SFRX, you really don't know what type of investor they are.
From the 10Q. Hardly $1MM raised.
NOTE 10 – SUBSEQUENT EVENTS
Subsequent to September 30, 2019 the Company issued or has agreed to issue shares of its common stock as follows (Unaudited):
(i) sales of 62,766,666 shares of common stock under subscription agreements for approximately $171,500 in proceeds, used for general corporate purposes, working capital and repayment of debt;
(ii) issuance of 760,409 shares of common stock for services; and
(iii) 34,000,000 shares of common stock with a value at $200,600 on the date of the agreement for the purchase of a vessel and trailer.
Subsequent to September 30, 2019 the following convertible notes payable went into default (Unaudited):
1) A convertible note payable originally due October 23, 2019 with a face amount of $20,000.
I wonder if the note went into default because SFRX is considered a shell risk.
(1)
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