Page 11 of the CNEX Financials on Those Small Crap Notes they gave out This is March 31st ending don't forget this
Cannon started the year at 15 million shares total Float. They have given themselves plenty of room to pay off prior debt
Now Page 11 Attention Gold Bandit
Note 1.) 860 at .0001 Converted See ya later
Note.2) 5,624 at .0001 $4,850 Converted only $774 remains Officially Converted
Note.3) 38,432 at .0001 $5,972 Converted only $32,460 remains. Now since 272,547,692 million shares have been diluted since this quartely was posted. I suspect there is around 5-8k left to be converted that's it
Note.4) 3600 at .0001 0 converted 3,600 remains Converted
VERY IMPORTANT
At the Time of the Quartely the Float was only 127,095,429
So Cannon still Owed 36,834 at the END of March 31st Since note 2,4 has been paid off
Since March 31st The Float has grown to 399,643,121
So 272,547,692 New Shares have entered.
So Bottom Line things Look alot better than one may portray in the filing if it is not broken down
Breakout Ahead IMO Folks
Have a great Memorial day weekend PM me for questions
P.S Cannon has virtually no debt A Major PLUS
Smitter SMTT
