8% convertible promissory note sold to Asher Enterprises in deal
By Devika Patel
Knoxville, Tenn., April 23 - Monster Offers sold a $42,500 8% convertible promissory note to Asher Enterprises, Inc. on April 11, 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 a daily deal and mobile advertising analytics provider.
| Issuer: | Monster Offers
|
| Issue: | Convertible promissory note
|
| Amount: | $42,500
|
| Coupon: | 8%
|
| Conversion price: | 45% discount to the market price
|
| Warrants: | No
|
| Investor: | Asher Enterprises, Inc.
|
| Settlement date: | April 11
|
| Stock symbol: | OTCBB: MONT
|
| Stock price: | $0.29 at close April 10
|
| Market capitalization: | $37.72 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
