Debunking nonsense put out by soft bashers (ie fli
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Posted On: 10/18/2023 12:40:35 PM
Debunking nonsense put out by soft bashers (ie flippers) trying to get cheap shares. This is the actual wording from the 2023 Q2 Report regarding the promissory note to Andrew Van Noy - the CEO of Deep Power, Inc:
"Note 8 – Convertible Note
In June 2023, the Company obtained a loan from Real Transition Capital, LLC which netted our company $2,500 in proceeds. In consideration of such loan, we issued a $10,000 face amount convertible promissory note (the “RTC Note”), with OID of $7,500, with principal and interest payable in June 2024. The Company has the right to repay the RTC Note at any time, without penalty. The RTC Note is convertible into shares of the Company’s common stock at a conversion price of $.0001 per share."
"Note 8 – Convertible Note
In June 2023, the Company obtained a loan from Real Transition Capital, LLC which netted our company $2,500 in proceeds. In consideration of such loan, we issued a $10,000 face amount convertible promissory note (the “RTC Note”), with OID of $7,500, with principal and interest payable in June 2024. The Company has the right to repay the RTC Note at any time, without penalty. The RTC Note is convertible into shares of the Company’s common stock at a conversion price of $.0001 per share."
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.