I get that it's conversion pay off, but that is about to get restructured in a big way.
Look at the notes section in q.
"On August 26, 2016, the Company sold and issued a Convertible Promissory Note to an unrelated party, for the principal amount of $76,650 of which $6,650 was an original issue discount resulting in cash proceeds to the Company of $70,000 pursuant to the terms of a Securities Purchase Agreement of even date therewith. The Note, together with accrued interest at the annual rate of 8%, is due on August 26, 2017. The Note is convertible into the Company's common stock commencing 180 days from the date of issuance at a conversion price equal to 55% of the lowest trade price of the Company's common stock for the twenty prior trading days including the date of conversion. During the nine months ended June 30, 2017, the noteholder converted all outstanding principal and interest in exchange for a total of 10,087,373 common shares. There was $0 and $76,650 of principal and $0 and $588 of accrued interest due at June 30, 2017 September 30, 2016, respectively.
On August 26, 2016, the Company sold and issued a Convertible Promissory Note to an unrelated party, for the principal amount of $76,650 of which $6,650 was an original issue discount resulting in cash proceeds to the Company of $70,000 which was funded on January 3, 2017 pursuant to the terms of a Securities Purchase Agreement of even date therewith. The Note, together with accrued interest at the annual rate of 8%, is due on August 26, 2017. The Note is convertible into the Company's common stock commencing 180 days from the date of issuance at a conversion price equal to 55% of the lowest trade price of the Company's common stock for the twenty prior trading days including the date of conversion. During the nine months ended June 30, 2017, the noteholder converted all outstanding principal and interest in exchange for a total of 11,103,272 common shares. There was $0 and $0 of principal and $0 and $0 of accrued interest due at June 30, 2017 September 30, 2016, respectively."
We won't expect dilution from this note next week...factual ammo for noobs against the bashers..
I'm not saying the q is stellar! Like pps up stellar.. Prob not. Long run? Yes. Revenue has proven to be sustained, even with a slight increase, despite additional overhead. Meanwhile WW has been busy adding to Q4 revenue across the Nation... Has anyone looked into Masses capabilities?? Pretty sure WW said we can accommodate all their testing needs... Mags unearthed the busy Florida EVIO bees (Kaycha is a vertical integration wonder) which hinted that they will be able to fill the needs of patients.
Past DD Points to us only awaiting our creds on OR and most definitely Cali Machines. Unfortunately they are our high rev accounts... FOR NOW... But eventually they will be online. The question is when? Also, how will WW roll out the news? Revenue guidance, updates, and projection from WW would be nice... Listening WW?
PS to longs: any hard slant or stance on DD, even though I know you know this, with be for noobs benefit only I like to use fact, even if it's sounds pumpy
