Tonner One World Holdings Inc (TONR)

[Voices of Reason]

At June 30, 2015, the convertible debentures and related accrued interest payable were convertible into approximately 2,514,516,000 shares of our common stock. Based on the assumptions used to estimate the fair value of the derivative liability at June 30, 2015 and assuming all lenders convert the notes payable at the June 30, 2015 conversion prices, the Company would have insufficient authorized shares of common stock to complete the debt conversions.

The convertible notes, IF converted, would result in the company needing to authorize additional shares to cover 2.5 billion potential shares as their current A/S is only 500 million.

From the last public message from the company, they stated that "at this time", they do not anticipate increasing the A/S.

Based on those who check daily on the current share count, we are approaching just shy of 400 million. Even without these significant conversions occurring, I am predicting that the "at this time" statement above will no longer be applicable by mid-November (right after the next 10Q) when they will have to increase the A/S to cover ongoing expenses, marketing, interest expense, lawsuit judgments/settlements, and inventory.