8% convertible promissory note sold to Asher Enterprises in deal
By Devika Patel
Knoxville, Tenn., July 16 - Monster Offers sold a $37,500 8% convertible promissory note to Asher Enterprises, Inc. on July 10, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The note is convertible into common stock at a 45% discount to the market price.
Based in San Clemente, Calif., Monster Offers is an online advertising agency specializing in digital production, social media commerce and online lead generation.
| Issuer: | Monster Offers
|
| Issue: | Convertible promissory note
|
| Amount: | $37,500
|
| Coupon: | 8%
|
| Conversion price: | 45% discount to the market price
|
| Warrants: | No
|
| Investor: | Asher Enterprises, Inc.
|
| Settlement date: | July 10
|
| Stock symbol: | OTCBB: MONT
|
| Stock price: | $0.19 at close July 9
|
| Market capitalization: | $6.58 million
|
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