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Thursday, April 27, 2017 10:13:56 PM
"The loan made in September by Jeff King for $25,000.00 was increased to $50,000.00 with additional options and warrants to equal a .0001 conversion and a maximum possible 500,000,000 common shares under a 144 restriction and leak out clause."
500 million shares for 50k ?
Conversion rate .0001 ?
Jeff King is up 2200% as of today's close.
That means if he would sell his 500 million shares at .0022
He would rake in 1.1 million dollars.
Mighty generous of a company.
Remember this company is going to .60, no .30, no .10
Lets take the lowest one
.10
500 million shares at .10 is 50 million dollars
Imagine this guy Jeff King making 50 million dollars on a 50k note.
Nah... makes zero sense
The company gave that many shares out because they know how worthless the shares are.
And peeps still willing to pay 22 bags over what Jeff King payed.
Jeff is forever grateful.
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