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Thinspace Technology Inc. (THNS)

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Last Post: 5/5/2015 11:23:10 AM - Followers: 82 - Board type: Free - Posts Today: 0
THNS Security Details
Share Structure

 

Market Value1 $78,812,725 a/o Mar 18, 2014
Shares Outstanding 87,569,694 a/o Jan 06, 2014
Float Not Available
Authorized Shares 500,000,000 a/o Dec 31, 2013
Par Value 0.001
Shareholders

 

Shareholders of Record 68 a/o Apr 15, 2013
Security Notes

 

  • Capital Change=shs decreased by 1 for 3000 split. Pay date=02/10/2012.
 
Short Selling Data

 

Short Interest 0 (-100%)
Oct 15, 2013
Significant Failures to Deliver No
Transfer Agent(s)

 

 

 

 
 
NOTE 3 – CONVERTIBLE DEBENTURES AND DERIVATIVE LIABILITIES 
 
The Company has identified the embedded derivatives related to its convertible notes, consisting of the conversion feature, its preferred stock, 
consisting of the conversion feature, and its warrants. Since certain of the notes are convertible into a variable number of shares, the 
conversion features of those debentures are recorded as derivative liabilities. Since the warrants and the conversion feature of the preferred 
stock have a price reset feature, they are recorded as derivative liabilities. The accounting treatment of derivative financial instruments requires 
that the Company record fair value of the derivatives as of the inception date and to adjust to fair value as of each subsequent balance sheet 
date. 
 
Greystone $52K Financing 
 
On April 2, 2013, the Company entered into a Securities Purchase Agreement with Greystone Capital Partners, Inc. (Greystone), an accredited 
investor, providing for the sale by the Company to Greystone of an 8% convertible debenture in the aggregate principal amount of $52,000 (the 
“Greystone Debenture”). The Greystone Debenture matures on the first anniversary of the date of issuance (the “Maturity Date”) and bears 
interest a rate of 8% per annum, payable on the Maturity Date. Greystone may convert, at any time, the outstanding principal and accrued 
interest on the Greystone Debenture into shares of the Company’s common stock, par value $0.001 per share (“Common Stock”) at a 
conversion price that is the lesser of (i) ninety percent (90%) discount of the average of the closing bid price of the Common Stock during the 
five (5) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP or (ii) the average of the closing bid price per 
share during the five (5) trading days prior to the date of any such conversion (“Conversion Price”). The Conversion Price may be adjusted 
pursuant to the other terms of this Debenture. 
 
With the exception of the shares the Company is obligated to issue to previous investors, for as long as the Debenture is outstanding, the 
Conversion Price of the Debenture shall be subject to adjustment for issuances of Common Stock or securities convertible into common stock 
or exercisable for shares of Common Stock at a purchase price of less than the then-effective Conversion Price, on any unconverted amounts, 
such that the then applicable Conversion Price shall be adjusted using full-ratchet anti-dilution on such new issuances subject, to customary 
carve outs, including restricted shares granted to officers, and directors and consultants. 
 
The conversion feature of the April 2013 Greystone debenture contains a variable conversion rate. As a result, we have classified the 
conversion feature as a derivative liability in the financial statements. At issue, we have recorded a conversion feature liability of $494,723. 
The value of the conversion feature liability was determined using the Black-Scholes method based on the following assumptions: (1) risk free 
interest rate of 0.14%; (2) dividend yield of 0%; (3) volatility factor of the expected market price of our common stock of 140%; and (4) an 
expected life of 1 year. The Company has allocated $52,000 to debt discount, to be amortized over the life of the debt, with the balance of 
$442,723 being charged to expense at issue. 

IBC Funds $25K Financing 
On June 7, 2013, the Company entered into a Securities Purchase Agreement with IBC Funds, LLC (IBC), an accredited investor, providing for 
the sale by the Company to IBC of an 8% convertible debenture in the aggregate principal amount of $25,000 (the “June 2013 Debenture”). 
The June 2013 Debenture matures on the first anniversary of the date of issuance (the “Maturity Date”) and bears interest a rate of 8% per 
annum, payable on the Maturity Date. The Investor may convert, at any time, the outstanding principal and accrued interest on the June 2013 
Debenture into shares of the Company’s common stock, par value $0.001 per share (“Common Stock”) at a conversion price that is the lesser 
of (i) ninety percent (90%) discount of the average of the closing bid price of the Common Stock during the five (5) trading days immediately 
preceding the Conversion Date as quoted by Bloomberg, LP or (ii) the average of the closing bid price per share during the five (5) trading days 
prior to the date of any such conversion (“Conversion Price”). The Conversion Price may be adjusted pursuant to the other terms of this 
Debenture. 
 
With the exception of the shares the Company is obligated to issue to previous investors, for as long as the Debenture is outstanding, the 
Conversion Price of the Debenture shall be subject to adjustment for issuances of Common Stock or securities convertible into common stock 
or exercisable for shares of Common Stock at a purchase price of less than the then-effective Conversion Price, on any unconverted amounts, 
such that the then applicable Conversion Price shall be adjusted using full-ratchet anti-dilution on such new issuances subject, to customary 
carve outs, including restricted shares granted to officers, and directors and consultants. 
 
The conversion feature of the June 2013 IBC debenture contains a variable conversion rate. As a result, we have classified the conversion 
feature as a derivative liability in the financial statements. At issue, we have recorded a conversion feature liability of $211,876. The value of 
the conversion feature liability was determined using the Black-Scholes method based on the following assumptions: (1) risk free interest rate 
of 0.135%; (2) dividend yield of 0%; (3) volatility factor of the expected market price of our common stock of 147%; and (4) an expected life 
of 1 year. The Company has allocated $25,000 to debt discount, to be amortized over the life of the debt, with the balance of $186,876 being 
charged to expense at issue. 
 
IBC Funds $20K Financing 
On July 2, 2013, the Company entered into a Securities Purchase Agreement with IBC Funds, LLC (IBC), an accredited investor, providing for 
the sale by the Company to IBC of an 8% convertible debenture in the aggregate principal amount of $20,000 (the “July 2013 Debenture”). The 
July 2013 Debenture matures on the first anniversary of the date of issuance (the “Maturity Date”) and bears interest a rate of 8% per annum, 
payable on the Maturity Date. The Investor may convert, at any time, the outstanding principal and accrued interest on the July 2013 Debenture 
into shares of the Company’s common stock, par value $0.001 per share (“Common Stock”) at a conversion price that is the lesser of (i) ninety 
percent (90%) discount of the average of the closing bid price of the Common Stock during the five (5) trading days immediately preceding the 
Conversion Date as quoted by Bloomberg, LP or (ii) the average of the closing bid price per share during the five (5) trading days prior to the 
date of any such conversion (“Conversion Price”). The Conversion Price may be adjusted pursuant to the other terms of this Debenture. 
 
With the exception of the shares the Company is obligated to issue to previous investors, for as long as the Debenture is outstanding, the 
Conversion Price of the Debenture shall be subject to adjustment for issuances of Common Stock or securities convertible into common stock 
or exercisable for shares of Common Stock at a purchase price of less than the then-effective Conversion Price, on any unconverted amounts, 
such that the then applicable Conversion Price shall be adjusted using full-ratchet anti-dilution on such new issuances subject, to customary 
carve outs, including restricted shares granted to officers, and directors and consultants. 
 
The conversion feature of the July 2013 IBC debenture contains a variable conversion rate. As a result, we have classified the conversion 
feature as a derivative liability in the financial statements. At issue, we have recorded a conversion feature liability of $184,294. The value of 
the conversion feature liability was determined using the Black-Scholes method based on the following assumptions: (1) risk free interest rate 
of 0.16%; (2) dividend yield of 0%; (3) volatility factor of the expected market price of our common stock of 156%; and (4) an expected life of 
1 year. The Company has allocated $20,000 to debt discount, to be amortized over the life of the debt, with the balance of $164,294 being 
charged to expense at issue. 
 
IBC Funds $50K Financing 
On August 14, 2013, the Company entered into a Securities Purchase Agreement with IBC Funds, LLC (IBC), an accredited investor, 
providing for the sale by the Company to IBC of an 8% convertible debenture in the aggregate principal amount of $50,000 (the “IBC August 
2013 Debenture”). The IBC August 2013 Debenture matures on the first anniversary of the date of issuance (the “Maturity Date”) and bears 
interest a rate of 8% per annum, payable on the Maturity Date. The Investor may convert, at any time, the outstanding principal and accrued 
interest on the IBC August 2013 Debenture into shares of the Company’s common stock, par value $0.001 per share (“Common Stock”) at a 
conversion price that is the lesser of (i) ninety percent (90%) discount of the average of the closing bid price of the Common Stock during the 
five (5) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP or (ii) the average of the closing bid price per 
share during the five (5) trading days prior to the date of any such conversion (“Conversion Price”). The Conversion Price may be adjusted 
pursuant to the other terms of this Debenture. 
 
 
 
 

 


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THNS
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Bid Ask Day's Range
Wiki
THNS News: 225 Learning Centers In Over 175 Locations in India Now Using Thinspace Technology 03/11/2015 07:30:00 AM
THNS News: Thinspace skyDesk Significantly Reduces Costs 02/18/2015 07:30:00 AM
THNS News: Another Customer Win for Thinspace Technology 02/17/2015 07:30:00 AM
THNS News: Largest Film and Retail Entertainment Company in India Chooses Thinspace TSE Over the Competition 02/02/2015 07:30:00 AM
THNS News: Thinspace's Director Hosts Exciting Innovative Technology Event 01/29/2015 07:30:00 AM
PostSubject
#1629  Sticky Note BOARD WARNING: Please Read: IH Admin [Shelly] 08/10/11 10:16:17 AM
#3381   Anyone on this board have any thoughts on TJG 05/05/15 11:23:10 AM
#3380   Pump BallsD33pTrader 04/27/15 09:29:22 AM
#3379   THNS if fins are good why so many wayno2 04/26/15 07:01:37 PM
#3378   I believe lack of awareness of the financial report. Dragnet 04/20/15 10:07:04 AM
#3377   Something seems to be holding this stock back. GreenMarine 04/20/15 10:06:04 AM
#3376   The financial reports are fabulous this stock should Dragnet 04/20/15 09:33:09 AM
#3375   A very interesting Co and stock but very alfedo 04/19/15 10:16:32 PM
#3374   stockmister sure didn't help here, as I warned power_forward 04/13/15 05:44:30 PM
#3373   Yup mister is a good pumper have seen BallsD33pTrader 04/13/15 09:03:09 AM
#3372   Hope the hype is right, Breakout coming!! Crossing WINGSNUT04 04/13/15 07:32:31 AM
#3371   Can we see some life signs here? Penny Grande 04/13/15 01:43:13 AM
#3370   Well fingers crossed for you! Gltu Earp705 04/12/15 11:44:33 PM
#3369   Hope it's a good thing, I got 50,000 long WINGSNUT04 04/12/15 11:42:25 PM
#3368   He doesn't normally send out the emails until Earp705 04/12/15 11:23:10 PM
#3367   Yeah he is , I got an email Earp705 04/12/15 11:20:23 PM
#3366   Must be Stockmister is pumping THNS for tomorrow WINGSNUT04 04/12/15 11:19:36 PM
#3365   His promos are usually very volatile, but Earp705 04/12/15 11:10:22 PM
#3364   Not familiar with Stockmister?? Bad rep?? WINGSNUT04 04/12/15 10:54:40 PM
#3363   Stockmister pump tomorrow morning--careful power_forward 04/12/15 08:23:00 PM
#3362   THNS HAS HUGE POTENTIAL, ALL "CLOUD" technology is WINGSNUT04 04/12/15 07:38:31 AM
#3361   No idea homey_g 03/26/15 02:51:17 PM
#3360   Runner today? Pre-market action, up 5% topdawg tdr 03/26/15 09:28:06 AM
#3359   I like THNS, it delivers volatility. HarryMorris 03/26/15 12:16:14 AM
#3358   What your thoughts on THNS today? Quacker 03/25/15 08:59:23 PM
#3357   aiming for another gain tomorrow! nikitafemme 03/23/15 11:29:25 PM
#3356   treading on thin space LOL MOOSEY-LOL-LOOSEY 03/23/15 04:13:24 PM
#3355   Another promo today PennyPicks: THNS is my new FunGuns09 03/02/15 07:39:07 AM
#3354   I think I will pass on this one mrlorenzok 02/09/15 10:22:31 AM
#3353   Oh that's how they do it? mrlorenzok 02/09/15 10:21:24 AM
#3352   Hey I'm confused I'm reading two different signals: mrlorenzok 02/09/15 10:20:23 AM
#3351   Buyer beware promo going on: PennyPicks: THNS is my FunGuns09 02/02/15 08:32:05 AM
#3350   They can have another high R/S and change Rosym 01/28/15 07:09:24 PM
#3349   So what's this mean?? nsbguy75 01/28/15 06:25:38 PM
#3348   (THNS) Thinspace Technology, Inc. - 1:300 R/S on Rosym 01/28/15 02:39:44 PM
#3347   PR = More Pump and Dump. Cast Iron 01/20/15 05:45:42 PM
#3346   PR out - Partnership with TSE Corp. BeerIsGood 01/20/15 09:25:00 AM
#3345   Another Pump Press Release to enable Note Holder Cast Iron 01/13/15 01:14:39 PM
#3344   PROMO! :) Looking nice and steady so exu2249 01/13/15 10:01:07 AM
#3343   Sure you didn't miss anything?? Pretty long winded, eh! tyhub 01/08/15 10:53:24 AM
#3342   Simple- For the Note Holders To sell their Cast Iron 01/05/15 02:30:16 PM
#3341   Why do they keep flogging this turd? hardasset 01/05/15 07:38:13 AM
#3339   come on Bryan/Erin you have millions and millions STOCKBULLY 12/15/14 09:16:04 AM
#3338   Did you watch THNS recently? When there Dyson 12/10/14 10:03:45 AM
#3337   THNS is a real company unlike many others Dyson 12/10/14 09:17:51 AM
#3336   Yeah recognized it from the secod paragraph about Chiinkwia1 11/21/14 02:15:04 PM
#3335   Ahh, a re-used post. I hate when Robo Hop 11/21/14 02:11:59 PM
#3334   Can't beat the positive new releases!!! This DuckStock 11/21/14 12:26:15 PM
#3333   goodness, a few changes around here STOCKBULLY 11/20/14 08:57:39 PM
#3332   I too am low on funds for $THNS! homey_g 11/19/14 03:46:44 PM
#3331   Yeah, I see 0.20s getting hit! homey_g 11/19/14 03:46:18 PM
PostSubject