ChineseInvestors.com, Inc. (OTCMKTS:CIIX) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The Company entered into a convertible debt obligation with Crown Bridge Partners LLC as of February 24, 2020, in the original principal amount of $75,000, bearing stated interest of 8% annually plus $3,000 of original issue discount. The note is convertible after 180 days after funding into the Company’s common stock at a conversion price of 61% of the average of the two lowest trades in the 10 previous trading days before conversion. The Company has instructed its transfer agent to reserve 6,150,000 shares of the Company’s common stock to permit Crown Bridge Partners LLC to convert the debt to equity.
Item 9.01 Financial Statements and Exhibits
| 99.2 | Securities Purchase Agreement |
| 99.3 | Transfer Agent Instructions |
Chineseinvestors.com, Inc. Exhibit
EX-99.1 2 ciix_ex9901.htm CONVERTIBLE PROMISSORY NOTE Exhibit 99.1 NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,…
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About ChineseInvestors.com, Inc. (OTCMKTS:CIIX)
Chineseinvestors.com, Inc. specializes in providing real-time market commentary and analysis in the Chinese language. The Company’s services are mainly offered to Chinese speaking individuals that are resident in the United States and Canada. The Company offers subscription services to provide education about investing and news and analysis on the stock market, as well as news about particular stocks that the Company is following. The Company offers several types of subscription-based services and serves various types of investors and traders as depicted in its subscriber services offerings. The Company’s market coverage includes the general range of the United States financial markets, Chinese Shares and the other global markets. The Company’s service offerings permit users to subscribe to several of its service packages. As of May 1, 2015, the Company had over 1,400 active paying subscribers and approximately 22,000 free subscribers.
