Convertible notes purchased by LG Capital, SBI Investments, CareBourn
By Devika Patel
Knoxville, Tenn., April 5 – FONU2 Inc. sold a $10,000 convertible note to LG Capital on March 7, according to an 8-K filed Monday with the Securities and Exchange Commission. It sold another $10,000 convertible note to SBI Investments on March 7 and a third $13,000 convertible to CareBourn Capital LP on March 11.
The 8% LG Capital and SBI note are due March 7, 2017 and may be converted into common shares at 55% of the lowest trading price of the stock during the 20 trading days period preceding conversion.
The 12% CareBourn Capital LP note is due Dec. 11, 2016 and may be converted into common shares at 55% of the lowest trading price of the stock during the 20 trading days period preceding conversion.
FONU2 is a technology company based in Fort Lauderdale, Fla.
Issuer: | FONU2 Inc.
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Issue: | Convertible notes
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Amount: | $33,000
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Conversion price: | 55% of the lowest trading price of the stock during the 20 trading days period preceding conversion
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Warrants: | No
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Stock symbol: | OTCBB: FONU
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LG note
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Amount: | $10,000
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Maturity: | March 7, 2017
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Coupon: | 8%
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Warrants: | No
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Investor: | LG Capital
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Settlement date: | March 7
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SBI note
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Amount: | $10,000
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Maturity: | March 7, 2017
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Coupon: | 8%
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Warrants: | No
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Investor: | SBI Investments
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Settlement date: | March 7
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CareBourn note
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Amount: | $13,000
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Maturity: | Dec. 11, 2016
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Coupon: | 12%
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Warrants: | No
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Investor: | CareBourn Capital LP
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Settlement date: | March 11
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