debt
confidence high
sentiment negative
materiality 0.60
Hallmark Venture authorizes up to $500K in 12%-per-month notes, issues $88K to date
HALLMARK VENTURE GROUP, INC.
- Notes bear interest at 12% per month (144% annual) and mature in 6 months.
- Each $40 invested also receives a warrant to buy one share at $2.00, exercisable for 2 years.
- Three notes issued: $33K (Oct 28), $30K (Nov 4), $25K (Nov 15) for total $88K.
- Warrants cover 825, 750, and 625 shares respectively; total 2,200 shares.
- The notes are non-convertible; payment due in cash.