Ozop Energy Solutions Inc (OZSC)

[Det_Robert_Thorne]

Actually, diluted market cap is roughly $1.4M

Did you read the conversion right for the Series D Preferred shares?

They're convertible at 3X the number of Common Shares, which right now, puts the fully-diluted OS at 617,186 + (3 * 617,186), or 4 * 617,186 = 2,468,744. That's a fully-diluted MC of $1.36M.

Hint: Ms Chis owns 75% of the company.

But wait, there's more!

Take a look at the following sentencee in the binding letter of intent:

Pubco shall use its best efforts to reduce the overall debt of Pubco by up to $1,000,000.

That $1M is approximately 71% of OZSC's convertible debt, which generally converts at prices between 58% and 65% of the average of the lowest 2 or 3 trading prices over the past 20 (or so) trading days.

That means that, for the next 10-15 days, conversions will be happening at $0.07 - $0.08, so each $10K of debt reduction will cost 125K shares. Now each debtholder will be limited to about 30K shares/day before coming under Rule 144 restrictions, but we don't know how many debtholders there are.

And of course, as the OS rises due to conversion, they'll each be able to sell more shares/day into the bid.

Now, maybe this won't happen, but it's going to take a lot of selling at a 40% discount to reduce E1M in debt over the next month or so.

It will be interesting to see the number of common shares in a couple of months, and then that number can be multiplied by 4 to determine the new number of fully-diluted shares.