CODE GREEN APPAREL CORP

2 Feb 2018capital raising announcement▼ BadMajor

The company signed the employment agreement with Steve Short that was a condition of the Designer Apparel deal: he becomes Vice President of Sales and Marketing at $8,000 per month for an initial 12 months. It also sold Carebourn Capital a $92,000 12% convertible note due January 29, 2019, with $250 daily payments from March 1, 2018. The note converts after 90 days at 58% of the lowest quoted price over 25 trading days, with extra discounts on certain failures, and the filing warns of significant dilution if it is not repaid in cash. This resolves the employment-agreement point left open in the January 18 filing, and it continues the stream of discounted convertible notes, including an earlier Carebourn note.

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16 June 2017capital raising announcement▼ BadMajor

The company raised more money through three more convertible notes: $32,500 from Power Up Lending Group (9%, due Feb 28, 2018), $100,000 from JSJ Investments (10%, payable on demand after Feb 25, 2018) and $150,000 from Auctus Fund (10%, due March 5, 2018, with $100,000 paid at closing and $50,000 due within 45 days). Each converts into shares at a discount to recent low trading prices (65%, 55% and 58% of the stated price measures), and the filing warns shareholders may be diluted if the notes are not repaid in cash. This continues the April 2017 pattern of discounted convertible borrowing.

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26 Apr 2017capital raising announcement▼ BadMajor

In April 2017 the company borrowed through two convertible notes: a $32,500 debenture from Sojourn Investments, LP (10%, due January 12, 2018) and a $135,575 note from Carebourn Capital, L.P. (12%, due April 17, 2018, with daily payments of $565). Both can be converted into shares at a discount to market (58% and 50% of a recent low-price average), and the filing itself warns shareholders may be diluted if they are not repaid in cash.

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