Teenagers' inspiring notices on the bridge save eight lifetimes.
Last months Paige Hunter wrote good news to help changing people's opinions before it's too late. What's the difference? Said she didn't want anyone else to experience the same solitude she did, and left news on the Wearmouth Bridge in Sunderland. Even though the heart-warming program only began four months ago, Paige has already been attributed with having saved the life of eight souls.
Paige, a Durham University healthcare and welfare undergraduate, said, "I've been on this bridge a few a time. When you' re on the sidelines discussing whether your life is livable, it's the most horrible thing in the whole wide open being. I didn't want anyone else ever to ever get that way - it's an unbelievably lonesome sensation.
I wanted to do it on the Wearmouth Bridge because it had many poor recollections for me and it is also a place many others from my town go to for the same reasons. Even if it only made one smiling again, it would have been profitable - but now it has rescued over eight souls.
I' ve been doing this news for four week now and it was already very efficient - it's overpowering.
Promissory note loans and simple agreements for prospective shareholders' capital
Businesses often issuance convertible note loans when they are at an early stages and looking for equity. Under certain conditions, in lieu of paying in principal the amount due under this bond, the amount of outstanding capital and the interest accruing under this bond may be converted into ordinary bearer shares of the Corporation, in which case the bond will be redeemed.
For example, the note may stipulate that if the entity borrows at least $1,000,000,000 in capital over the next 12 month, the note will be converted. Bonds may either be restructured to require a compulsory transformation of borrowings into shareholders' equity or the transformation may be discretionary and at the option of the creditor.
Often the per stock market value into which the note is converted is reduced. If, for example, equities are denominated at a cost of $1 per common share as part of the funding, the bond may be converted into equities at a cost of 80 euro cent per common share, and the number of common stock exercisable upon the bond being converted is calculated by multiplying the capital and interest payable under that bond by the weighted average cost per common share. 1.
These bonds will eventually contain a ceiling that allows bondholders to transform into capital at the lower of the ceiling or market value of prospective funding, and may also contain a "most-favoured-nation" provision that will protect the bondholder in the case that successive bonds are launched at more favourable conditions.
In general, the bonds are converted into the bonds that will be delivered in the event of issuance (e.g. Series A), although some bonds may contain conditions under which only ordinary bearer stock is delivered. Corporations must monitor the issuance of bonds closely and ensure that these issues are reflected in their own capitalisation charts in order to ensure that prospective funding rounds take into account the potentially large number of extra stocks to be delivered as a consequence of the issuance of bonds to be converted.
Importantly, in recent years an alternate to convertibles has been the Simple Arrangement for Futures Equity or SAFE, founded by Y-Combinator, a Silicon Valley inkubator. A SAFE is an investment in the entity by the investors in return for an arrangement that promises to issue the shares of the investing entity at a later date in the context of a particular prospective transaction, such as raising capital.
SAFE generally grants the investors a deduction on the selling prices per SAF Share in the course of the capital raising round and includes an upper limit for measurement. The SAFE may be convertible into common stock or redeemed in the form of common stock as chosen by the SAFE owner in the case of an initial public offering or exiting trade before a round of capital raising.
SAFE is not a bond (although the fiscal regime is currently unclear) and therefore does not carry interest and has no due date. At the same time, the Company does not have to represent SAFE as borrowed capital and does not assume the risks of the loan becoming insolvent.