Business
Series A Preferred Stock & Note Conversion Notice
Series A Preferred Stock & Note Conversion Notice.
About this update from Loans4less.com, Inc.
[{"type":"text","content":"Pursuant to a $50,000 Convertible Note settlement, LFLS has issued 4.9 million Common Stock shares, representing a Non-Affiliate stake in the Company.Steven M. Hershman Revocable Trust has converted 21,500,000 Series A Convertible Preferred Stock into 21,500,000 Common Stock.Loans4Less.com, Inc. has the following securities issued and outstanding:53,970,480 Common Stock $25,000 5.000% Convertible Note due 12/31/21The Company believes that if more shares were made available in the public float then this can increase trading volumes leading to improved investor liquidity .The Company is planning to improve revenues, increase brand awareness, attract JV Partners and raise capital.Forward-Looking Statements:This release contains \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. \"Forward-looking statements\" describe future expectations, plans, results, or strategies and are generally preceded by words such as \"may,\" \"future,\" \"plan\" or \"planned,\" \"will\" or \"should,\" \"expected,\" \"advertise,\" \"anticipates,\" \"draft,\" \"eventually\" or \"projected.\" You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in our annual report and/or other releases made by us. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Loans4Less.com, Inc. and/or its officers or directors undertakes no obligation to update such statements.","length":2597,"tagName":"div"}]