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Re: daveyo post# 15478

Monday, 10/17/2016 8:16:19 PM

Monday, October 17, 2016 8:16:19 PM

Post# of 17856
Are you kidding about dilution and paying off $8 million in debt with shares.

You might want to rethink this - as you pointed out on page 7: "During the period ended June 30, 2016, the Company issued 849,250,000 shares in connection with conversion of debt
in the aggregate amount of $324,790.00"

SMAA doesn't have enough shares in their A/S to cover the conversion of $8 million in debt.

At the above conversion rate it would be 21 Billion shares.

IG

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