Sunday, October 22, 2017 2:02:57 AM
First let's discount the .20 common by 20% (- .04) = .16
Now divide $5.00 by .16 = 31.25 shares
Now multiply 31.25 shares by 2,800,000 Series E shares = 87,500,000 common...
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Should the stock at the one year conversion be trading at .10 then the 2,800,000 Series E shares would convert to 175.000.000 common...assuming full subscription...
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