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Re: None

Monday, 01/23/2017 1:37:40 AM

Monday, January 23, 2017 1:37:40 AM

Post# of 30145
THE CONVERTIBLE DEBT IS GONE, MATH INSIDE

The best place to start is with the S-1A filed on 12/20

On page 2 of S-1A or page 7 of the PDF file, halfway down the page:

"As of December 13, 2016 we had $384,067 of principal notes outstanding"

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11744502



On 12/14 the stock price hit a low of .0016
The terms of most of the convertibles were at a 50% discount, so convertibles on and after 12/14 would be at .0008 (.00079 to be exact)

$384,067 divided by .00079 = 486.16M shares remaining to be converted


8-k filed on 12/22 shows -- page 4 of filing, page 5 of pdf
Between 12/14 and 12/20, approx $29,000 was converted into 46M shares
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11747699


8-k filed on 1/18/17 shows --
Between 12/21 and 12/30, approx $125,000 was converted into 139M shares
Between 1/3/17 and 1/18/17, approx $230,000 was converted into 301M shares
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11790721

So since 12/13 we have a total of $384,000 converted into 486M shares -- that is all the convertible debt outstanding that the S-1A filed on 12/20 referenced

So that takes care of 100% of the convertible debt from the recapitalization of the company -- that took us to 656M shares on 1/18/17

Since the recapitalization, there have been 2 additional convertibles that could be converted immediately after signing, signed on 11/4 ($25,000) and 12/7 ($35,750)

Last Thursday, they were both converted:
$60,750 divided by .00079 = 77M shares

656M + 77M = 733M shares outstanding

733M shares outstanding as of 1/19/17

Sleek








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