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Tuesday, April 25, 2017 8:36:46 PM
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According to HWAL's own accounting as of 12/31/16, they have paid $18,100 of the $25,000 owed to Blackbridge in the form of deeply discounted shares. The last 5 tranches were converted at a price of .0001 per share. HWAL reported those 5 conversions amounted >>43 million shares<< which retired a paltry $2,100 in debt. I'm sure no one wants to dispute the authenticity of HWAL's own statement on this matter.
So, if the remaining $6,900 is converted at the same rate (.0001) that comes to 69 million new shares being issued, converted and dumped as was done between Sept 12- Nov 21st. And this doesn't even include the 5% interest due which is also convertible. If that $1,250 converted at .0001 comes to 12.5 million (81.5 million). Additional interest may be accruing until the debt is fully paid off. So the longer this drags out the more shares HWAL is likely on the hook for. The lower the pps drops the more shares BB can demand to "true up" the debt owed them in the form of shares.
My "opinion" is as valid as your "hearsay"
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