6% convertible note due on demand was sold to JPF Venture through deal
By Devika Patel
Knoxville, Tenn., March 1 – TetriDyn Solutions, Inc. sold a $50,000 convertible note to JPF Venture Group, Inc. in a private placement on Feb. 25, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The investor is majority-owned by the company’s chief executive officer and director Jeremy P. Feakins.
The 6% note is due 90 days after demand and is convertible into common shares at $0.03 per share, which is identical to the Feb. 24 closing share price.
The information technology and business consulting company is based in Lancaster, Pa.
| Issuer: | TetriDyn Solutions, Inc.
|
| Issue: | Convertible note
|
| Amount: | $50,000
|
| Maturity: | 90 days after demand
|
| Coupon: | 6%
|
| Conversion price: | $0.03
|
| Call: | Yes
|
| Warrants: | No
|
| Investor: | JPF Venture Group, Inc.
|
| Announcement date: | March 1
|
| Settlement date: | Feb. 25
|
| Stock symbol: | OTCBB: TDYS
|
| Stock price: | $0.03 at close on Feb. 24
|
| Market capitalization: | $1.71 million
|
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