Sunday, August 20, 2017 4:19:30 PM
As I see it now, the 14.4M convertible notes coming due Oct 9th 2017 will have to be renegotiated as there is not enough shares available to convert. I believe we are around 180M shares remaining and 14.4M would be upwards of 900M shares. A/S at 500M actually works in our favour. I don't think any of this note holders expected the share price to be $0.015.
From what I understand they can only do a reverse stock split every 6 months in OTC. Trying to find confirmation of this. Anyone have a link?
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