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NOTE 11 - SUBSEQUENT EVENTS
12 Months Ended
Jun. 30, 2018
Notes  
NOTE 11 - SUBSEQUENT EVENTS

NOTE 11 - SUBSEQUENT EVENTS

 

Subsequent to June 30, 2018 and through the date that these financials were made available, the Company had the following subsequent events:

 

Convertible notes

 

On July 16, 2018, we issued a convertible note in the principal amount of $25,000. The convertible note has a term of twelve months, accrues interest at 10% annually and the balance outstanding thereunder is convertible into the Company’s common stock at a price equal the lesser of (i) 50% multiplied by the lowest trading price during the previous fifteen days period ending on the latest complete trading day prior to the issue date of this Note and (ii) 50% multiplied by the lowest trading price for the common stock during the twenty trading day period ending on the latest complete trading day prior to the conversion date. The Note in currently in default.

 

On August 16, 2018, we issued a convertible note in the principal amount of $50,000. The convertible note has a term of nine months, accrues interest at 10% annually and the balance outstanding thereunder is convertible into the Company’s common stock at a price equal the lesser of (i) 50% multiplied by the lowest trading price during the previous twelve days before the issue date of this Note and (ii) 50% multiplied by the lowest trading price for the common stock during the twelve days period ending on the latest complete trading day prior to the conversion date. The Note in currently in default.

 

On October 1, 2018, we issued a convertible note in the principal amount of $30,000. The convertible note has a term of nine months, accrues interest at 10% annually and the balance outstanding thereunder is convertible into the Company’s common stock at a price equal the lesser of (i) 50% multiplied by the lowest trading price during the previous twenty days before the issue date of this Note and (ii) 50% multiplied by the lowest trading price for the common stock during the twenty days period ending on the latest complete trading day prior to the conversion date. The Note in currently in default.

 

Subscription receivable

 

The company received $7,500 from unrelated investors for 350,000 shares of common stock subscribed for at $0.025 per share.