Textmunication Holdings Inc. (OTCMKTS:FSTW) Files An 8-K Other Events
Item 8.01 Other Events
On September 9, 2015, we entered into a convertible promissory
note to which we borrowed $50,000. Interest under the convertible
promissory note was 8% per annum, and the principal and all
accrued but unpaid interest was due on June 7, 2016. The note was
convertible at any time following the issuance date at
noteholders option into shares of our common stock at a variable
conversion price of 50% of the lowest day market price of our
common stock during the 10 trading days prior the date of the
notice of conversion.
On March 17, 2017, Textmunication Holdings, Inc. and the
noteholder reached a settlement agreement. The first payment will
be wired to the noteholder on March 17, 2017. The second and
final tranche is due no later than March 31, 2017. Once this
second payment is received, the note will be paid in full and
eliminated.
About Textmunication Holdings Inc. (OTCMKTS:FSTW)
Textmunication Holdings, Inc. is engaged in the provision of mobile marketing solutions, rewards and loyalty programs. The Company offers a mobile marketing platform where merchants can send customers the up-to-date offers, discounts, alerts and events schedules, such as happy hours, trivia night and other campaigns. The consumer can also access specials and promotions that merchants choose to distribute through the Company by opting keywords designated to the merchant’s keywords. This enables consumers to take their information wherever they go and learn about the latest buzz, as soon as it is available, providing the consumer with events, deals and messages on their cellphone through short messaging service. The Company offers its services to markets, including quick service restaurants; gyms, health and fitness; entertainment, including casinos, golf courses, bowling centers and comedy clubs, and retail stores, as well as bars, boutiques, dentists, salons and real estate agents. Textmunication Holdings Inc. (OTCMKTS:FSTW) Recent Trading Information
Textmunication Holdings Inc. (OTCMKTS:FSTW) closed its last trading session 00.0000 at 0.0150 with shares trading hands.
