IMO, this is the reason why we are on this level, until they are done converting we will see down trend, but if they are done today then we will see moving forward...
" In April 2014 and May 2014, the Company entered into convertible note agreement #2014-1 and #2014-2 for $41,500 and $32,500 respectively these amounts remain outstanding
From day 181 till maturity, the note may be converted by the note holder at a 44% discount to the average of the three lowest trading days in the ten days prior to notice of conversion.
As of June 30, 2014, Convertible Note #2014-1 may be converted into approximately 26,791,478 common shares of the Company beginning at day 181 since date of issuance and up until the date maturity of the note. As of June 30, 2014, Convertible Note #2014-2 may be converted into approximately 20,981,278 common shares per note, for a total of 47,772,756, of the Company beginning at day 181 since date of issuance and up until the date maturity of the note.
My posts are my opinion and should not be used as investment advice. Make your own due diligence and decisions in your stock trades. GLTA
