8 May 2026capital raising announcement▼ BadMajor
Sold yet another small toxic convertible note, $67,500 principal (net $62,500), to Monroe Street Capital Partners — the pattern of frequent, small, discount-priced convertible notes continuing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 May 2026capital raising announcement▼ BadMajor
Entered a new $30 million, 24-month equity line of credit with Lambda Ventures, allowing puts at 80% of the lowest recent trading price — steeper terms than the 90%-of-market GHS facility from 2023, suggesting weakened negotiating position.
17 Apr 2026capital raising announcement▼ BadMajor
Sold another toxic convertible note, $96,250 principal (net $87,500) plus warrants for 385,000 shares, to Jefferson Street Capital — continuing the reliance on small, expensive, dilutive debt.
17 Mar 2026capital raising announcement▼ BadMajor
Sold a $150,000 convertible note (net $133,000) to CFI Capital LLC convertible at 60% of the lowest 20-day trading price — worsening to 50% if a DTC 'chill' is imposed or 45% on default — a classic toxic death-spiral structure.
3 Jan 2025capital raising announcement▲ GoodMajor
CEO/Chairman Donald Owens and lender HNO Green Fuels exchanged a combined 360 million shares of common stock (245 million and 115 million respectively) for new Series B Convertible Preferred Stock — a major recapitalization that sharply cut the outstanding common float, though it concentrates control with insiders via preferred shares.
12 Oct 2023capital raising announcement▼ BadMajor
Now renamed HNO International, Inc., entered a $10 million equity line of credit with GHS Investments, allowing the company to sell stock at 90% of the lowest recent trading price over a 24-month period — a dilutive, market-price-linked financing facility, plus upfront commitment shares to GHS.
1 June 2011capital raising announcement▼ BadMajor
Borrowed $300,000 from TCA Global Credit Master Fund at 10% interest plus a 7.5% commitment fee and other charges, netting only $277,950 against a $331,500 repayment obligation due within six months — another expensive short-term facility.
11 Aug 2010capital raising announcement● Neutral
Borrowed roughly $607,000 in two convertible promissory notes from Rootchange, an entity whose assets Clenergen UK had earlier acquired for stock.
18 May 2010capital raising announcement▼ BadMajor
Borrowed $250,000 from Vastani Trading Limited at 24% annual interest with a 3-month maturity and warrants struck at a 30% discount to market, plus escalating penalty warrants for every month the note went unpaid past maturity — expensive, high-risk short-term financing.
27 Nov 2009capital raising announcement▼ Bad
Four unregistered share issues in a fortnight totalling 582,500 shares: 12,500 and 350,000 to consultants for entering consulting agreements, and 100,000 and 120,000 under stock purchase agreements to offshore buyers.
5 Aug 2009capital raising announcement▼ Bad
Now renamed Clenergen Corporation, issued 57.4 million shares as compensation to 22 individuals for services rendered and to be rendered — a large stock-for-services issuance rather than a cash raise.