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Yes indeed the chart is screaming copper run here $ABCE
It's already been sold, now the run happens
This isn't your standard convertible debt it's financing at the option of the company. I don't see Jan buying at higher levels if he was just going to issue shares below that level. I get the feeling he's just prepared to take small amounts as needed at much higher prices
Actually it was amended so that 25M less shares are available
He didn't move his shares got taken
Dilution seems to have tailed off today we should be about ready here $ABCE
Anorexic thin, could break into copper land easily $ASCK
Nice close, $ASCK looks ready to break out
Much better here today, time to start a new uptrend $PGUS
With a float of 107M and no dilution absolutely agree this one should be in copper land $CSOC
Nice 8k
Jan the man soaking up the float PGUS
Nice close! $ABCE
Love the tiny float here, once shares get into the right hands CSOC could be very good
And he's out, thanks for the .002's
107M float, if that ask wanted to sell they'd come on down I'll take a few off them
KGNX getting some accumulation off bottom?
Cool so we just have the other two tangiers notes that are starting to convert for the $70k, I'd imagine the conversion this week came from the first since it just hit 6 months
Was that $7500 note dated wrong it hasn't hit 6 months yet to be converted? I see another in the Q that was dated incorrectly or maybe it was an aged deal of some sort
I see three of them I assume these are the ones you're referring to?
On April 15, 2016, the Company issued a convertible note to Tangiers Capital Group for $27,500 of cash consideration. The note bears interest at 10%, matures on April 15, 2017, and is convertible into common stock at 50% of the lowest 3 closing market prices of the previous 20 trading days prior to conversion. The Company recorded a debt discount equal to $25,000 due to this conversion feature. The Company also recorded a $2,500 debt discount due to accrued interest required by the agreement to be accrued at the beginning of the note. The note had accrued interest of $3,300 as of May 31, 2016. The debt discounts had a balance at May 31, 2016 and August 31, 2015 of $24,034 and $0, respectively. The Company recorded debt discount amortization expense of $3,466 and $0 during the nine months ended May 31, 2016 and the year ended August 31, 2015, respectively.
On May 6, 2016, the Company issued a convertible note to Tangiers Capital Group for $35,750 of cash consideration. The note bears interest at 10%, matures on May 6, 2017, and is convertible into common stock at 50% of the lowest 3 closing market prices of the previous 20 trading days prior to conversion. The Company recorded a debt discount equal to $32,500 due to this conversion feature. The Company also recorded a $3,250 debt discount due to accrued interest required by the agreement to be accrued at the beginning of the note. The note had accrued interest of $3,575 as of May 31, 2016. The debt discounts had a balance at May 31, 2016 and August 31, 2015 of $33,301 and $0, respectively. The Company recorded debt discount amortization expense of $2,449 and $0 during the nine months ended May 31, 2016 and the year ended August 31, 2015, respectively.
On May 12, 2016, the Company issued a convertible note to U.S. Affiliated, Inc. (a related party) for $7,500 of cash consideration. The note bears interest at 6%, matures on September 12, 2016, and is convertible into common stock at 50% of the average bid price of the stock during the 30 days prior to the conversion. The Company recorded a debt discount equal to $7,500 due to this conversion feature and amortized $1,159 during the three months ended May 31, 2016, with a remaining debt discount balance of $6,341 as of May 31, 2016. The note had accrued interest of $23 and $0 as of May 31, 2016 and August 31, 2015, respectively.
I'll venture a guess based on the filings that he's about 50M shares or so short on his estimate
Hmmmm, looks like he was a little off but I'm not surprised he's been consistent
What are you basing this assumption off of?
Someone is the last couple days, these block sizes are rather large
Was that you selling?
Man these prices are too good to be true filled a few more $PGUS
It's a algorithm, he filled at .0104
Filled a few of those, Christmas in October over here $PGUS
VNDM in the box
Absolutely
He failed but I thank him $PGUS
Excellent post, thanks! $PGUS
We're about to hit a nice liquidity zone, dilution should really start to get soaked up somewhere in this range. Contracts just announced means revs are going to start rolling in and this is a very low float so I think we'll start to see more demand for shares as the price continues to get even more attractive. I don't think dilution lasts more than a couple more days if volume remains strong
I read it also, there's not $500k in debt and there's no 60% discount either. Also some of the notes are based off the lowest closing price which makes a huge difference in your conversion price you stated
Welcome to the OTC, maybe you're better suited for a higher exchange where they dilute through private placements
The discounts are ranging from 40% to 50% which is standard for these companies, nothing new if you're used to playing OTC companies
There's no 60% discount either
Not sure where you got $500k from?
I bet a nice 5M up volume day and we set an new base above .01