I stand corrected. Look back at the previous 13D/G statements filed. They disclose how they calculate ownership percentage. In this case it is based on total outstanding shares as sello stated.

It should be calculated on a fully diluted basis.

An extension is the exact opposite of things moving along as planned. Things did not go as planned thereby requiring an extension.

Why is this good news? An extension is an indication of one or two things. Either they were unable to secure the permanent loan, or, construction is delayed and additional time and funds are needed to complete the project. Or, it could be both.

This isn't additional financing. They were just unable to payoff the loan by the date promised and had to extend. There is a reason they did not release the 8-k until after hours. If it were positive news they would have released it in the morning.

Nice looking chart. You should change your moving averages on the weekly. I like the 3,5,8, and 20 ma. When the 3 crosses the 5, I look for entry.

Ha! Some dumb ass day trader bought 100k shares at .0025 and 10 minutes later tried to get out at .0026. Managed to sell a whopping 3K shares.

None of this post is true at all. And everyone has been waiting for the merger news since August. Each update gets worse not better.


Share Structure
Market Cap Market Cap
550,825

01/30/2020
Authorized Shares
7,500,000,000

01/10/2020
Outstanding Shares
688,530,923

01/10/2020
Restricted
83,025,578

01/10/2020
Unrestricted
605,505,345

01/10/2020
Held at DTC
556,576,327

01/10/2020
Float
Not Available

Par Value
No Par Value
Market Value calculated only for respective security

Obviously people thought the PR was trash. This is heading back to sub penny.

Sounds like the opposite of dumb. Dumb would be paying more than you have to for a product, service, or investment.

Hard for a stock to be oversold when noteholder are diluting the crap out of it.

They have not filed any s-1 statements to allow for the conversion of the debt other than the amended statement filed in December for 30+ Million shares. How would they be constantly dumping the shares if they are not permitted to do so? If/When s-1 statements are filed for the conversions and warrants, then dilution will be a real serious concern with all of the outstanding debt.

That was brutal. Glad I didn't chase. Wish I had sold more yesterday and this morning but at least I'm still green.

This is just a rehash of press releases. Truth is at the moment we have no idea what the company is doing because they are not posting financials for investors to view. Nov 1st was the date they were suppose to have their name change. Due to whatever complications they claimed, they said they knew what the issues were, and would get them resolved as soon as possible. Yesterday basically repeated the same thing and said they are working to get it done as soon as possible. At this point I'm waiting to hear what their next excuse will be. We have not been given any details on the terms of the acquisitions (how many shares were given). No details as to location of the extraction facility so we have the ability to confirm it exists. I'm in at a decent entry point so I don't mind leaving it here for a while, but so far I am not very impressed. Not being able to post information to otcmarkets is not an excuse for the lack of transparency.

LOL.....super generic postings as well. Its almost like they want it to look like a bad pump to get people out. If they do fail to drop it low enough, we should get an interview from Sal that will help further the decline.

Ask him if he shorted SHMP? I promise you he did. And you just said Tim Sykes does short some penny stocks, so how is it a myth if it happens? I'm not saying that its a valid excuse for this stock dropping like a rock. The stock dropped like a rock because everything sounds like BS and the company is in bad shape.

People like Timothy Sykes and Claytrader make a living off of teaching people how to short penny stocks. They also actively short them as well. The main obstacle is finding shares to borrow, but there are brokerages out there that service this market. Naked shorting is illegal but still happens regularly so referencing an sec reg means nothing. Its akin to saying pump n dumps don't exist because the sec says so.

Not the point. That one is far more diluted then this, yet your here complaining about dilution. Im up 100% here.

The difference is what I mentioned. You did not include the $25K note balance from Jan 16, 2019. In addition, I added the $43K July 17 convertible. You can't have a difference in opinion on simple math. The note balances are directly off of the financial statements. The 8'k conversions are correct as well and tie to the o/s balance.


On January 16, 2019 the Company issued a promissory note (the “January 16, 2019 Note”) in the amount of $103,000 at which time the Company received $100,000, the remaining $3,000 was retained by the lender to cover legal and administrative cost. The proceeds were used to cover operational expenses. The January 16, 2019 Note bears interest at a rate of 10% per year, is payable on January 16, 2020, and is convertible into common stock 180 days after issuance. The conversion price is calculated as a 39% discount off of the average of the two lowest trading prices during the 20 trading days prior to conversion. The balance of the January 16, 2019 Note, as of September 30, 2019 is $24,790, which includes $6,590 of accrued interest. To date, the lender has converted the following from the January 16, 2019 Note:

On January 31, 2019 the Company issued a promissory note (the “January 31, 2019 Note”) in the amount of $53,500 at which time the Company received $50,000, the remaining $3,500 was retained by the lender to cover legal and administrative cost. The proceeds were used to cover operational expenses. The January 31, 2019 Note bears interest at a rate of 10% per year, is payable on January 31, 2020, and is convertible into common stock 180 days after issuance. The conversion price is calculated as a 39% discount to the lowest trading prices during the 15 trading days prior to conversion. The balance of the January 31, 2019 Note, as of September 30, 2019 is $41,255, which includes $3,371 of accrued interest. To date, the lender has converted the following from the January 31, 2019 Note:

On February 21, 2019 the Company issued a promissory note (the “February 21, 2019 Note”) in the amount of $53,000 at which time the company received of $50,000, the remaining $3,000 was retained by the lender to cover legal and administrative cost. The proceeds were used to cover operational expenses. The February 21, 2019 Note bears interest at a rate of 10% per year, is payable on February 21, 2020, and is convertible into common stock 180 days after issuance. The conversion price is calculated as a 39% discount to the average of the two lowest trading prices during the 20 trading days prior to conversion. The balance of the February 21, 2019 Note, as of September 30, 2019 is $56,209, which includes $3,209 of accrued interest.

On April 24, 2019 the Company issued a promissory note (the “April 24, 2019 Note”) in the amount of $43,000 at which time the company received of $43,000, the remaining $3,000 was retained by the lender to cover legal and administrative cost. The proceeds were used to cover operational expenses. The April 24, 2019 Note bears interest at a rate of 10% per year, is payable on April 24, 2020, and is convertible into common stock 180 days after issuance. The conversion price is calculated as a 39% discount off of the average of the two lowest trading prices during the 20 trading days prior to conversion. The balance of the April 24, 2019 Note, as of September 30, 2019 is $44,873, which includes $1,873 of accrued interest.

On May 02, 2019 the Company issued a promissory note (the “May 02, 2019 Note”) in the amount of $48,500 at which time the Company received $45,000, the remaining $3,500 was retained by the lender to cover legal and administrative cost. The proceeds were used to cover operational expenses. The May 02, 2019 Note bears interest at a rate of 10% per year, is payable on May 02, 2020, and is convertible into common stock 180 days after issuance. The conversion price is calculated as a 39% discount to the average of the two lowest trading prices during the 20 trading days prior to conversion. The balance of the May 02, 2019 Note, as of September 30, 2019 is $50,506, which includes $2,006 of accrued interest.

On June 10, 2019 the Company issued a promissory note (the “June 10, 2019 Note”) in the amount of $53,000 at which time the company received of $50,000, the remaining $3,000 was retained by the lender to cover legal and administrative cost. The proceeds were used to cover operational expenses. The June 10, 2019 Note bears interest at a rate of 10% per year, is payable on June 10, 2020, and is convertible into common stock 180 days after issuance. The conversion price is calculated as a 39% discount to the average of the two lowest trading prices during the 20 trading days prior to conversion. The balance of the June 10, 2019 Note, as of September 30, 2019 is $54,626, which includes $1,626 of accrued interest.

On July 16, 2019 the Company issued a promissory note (the “July 16, 2019 Note”) in the amount of $43,000 at which time the company received of $40,000 the remaining $3,000 was retained by the lender to cover legal and administrative cost. The proceeds were used to cover operational expenses. The July 16, 2019 Note bears interest at a rate of 10% per year, is payable on July 10, 2020, and is convertible into common stock 180 days after issuance. The conversion price is calculated as a 39% discount to the average of the two lowest trading prices during the 20 trading days prior to conversion. The balance of the July 16, 2019 Note, as of September 30, 2019 is $43,895, which includes $895 of accrued interest.

10-Q note balances
1/16/2019 $24,790.00
1/31/2019 $41,255.00
2/21/2019 $56,209.00
4/24/2019 $44,873.00
5/2/2019 $50,506.00
6/10/2019 $54,626.00
7/16/2019 $43,895.00

Convert Balance $316,154.00
Interest 12/31 $6,362.75
Total Balance $322,516.75

8-K'S

10/29/2019 $11,300.00
11/5/2019 $12,050.00
11/22/2019 $6,900.00
11/26/2019 $7,900.00
11/27/2019 $7,900.00
12/4/2019 $8,900.00
12/9/2019 $70,876.60
12/12/2019 $38,872.40
12/18/2019 $55,650.00

Total 8-K Converted after 09/30/2019 $220,349.00

$322,516.75 - $220,349 = $102,167.75 Remaining Convertible Debt 12/31/2019 Give or take a couple grand for interest adjustments.

This is a great post!

The convertible notes as of 12/31/2019 that are convertible at the 39% rate is around $156K including interest. $57K of that amount can not be converted until March 2020. So the amount available to convert is/was aroun $99K. Other than the Jan 16, 2019 balance that was left off of you sticky, your post confirms the same. $245K - $215K = 30K. Add the 7/16 note of $44K and your at 74K, then add the 1/16 balance of $25K and you have $99K of debt that can be converted in Jan 2020.

You didn't add them to your total notes outstanding as of the 10-Q. So the balance would not have been estimated $245K but $272k.




On January 16, 2019 the Company issued a promissory note (the “January 16, 2019 Note”) in the amount of $103,000 at which time the Company received $100,000, the remaining $3,000 was retained by the lender to cover legal and administrative cost. The proceeds were used to cover operational expenses. The January 16, 2019 Note bears interest at a rate of 10% per year, is payable on January 16, 2020, and is convertible into common stock 180 days after issuance. The conversion price is calculated as a 39% discount off of the average of the two lowest trading prices during the 20 trading days prior to conversion. The balance of the January 16, 2019 Note, as of September 30, 2019 is $24,790, which includes $6,590 of accrued interest. To date, the lender has converted the following from the January 16, 2019 Note:(pg 24)

First glance, your sticky left off the 1/16/2019 note balance of 24,790.

182m shares over the last 2 weeks is not all retail.

Possible, but to keep it realistic, with the information available, they have/had $80k give or take + interest, in remaining possible conversions at the 39% discount. In order to stall those conversion they would have to offer a pretty sweet premium to prevent those conversions.

Unless the notes are fully converted, the possibility of them being converted still remains. You assumption that only the $42k note remains does not check out mathmatically. My remaining numbers may even be slightly understated since it was a quick calculation and its possible I double counted the $6,900 and 11,300 mentioned in the 10q sub events and 8-k's. I'll run the numbers again this evening.

You have to take into account the total convertible debt outstanding. In addition to the $43k note, if you take the convertibles from the balance sheet less the 2 notes that have higher conversion rates and the one note that is not convertible until march, then subtract the $ amounts from subsequent events and 8-k's the remaining outstanding convertible balance at 39% discount is around 80k. Divide that by 61% of the average 2 day lowest price .00145 and thats a possible 90.5 mil shares. This is assuming all possible convertibles are now converted. It possible that none of the remaining notes have been converted since usually an 8-k is released a couple days after the conversion.

Says the guy playing kync.

510m

Based on the overall volume, I find that highly unlikely. They could just as easily use ECN and other MM's to unload. One thing for certain is with the conversions they picked up a large percentage of the float. Add that to the loading that has been taking place the last few weeks and I'd say the float is pretty much locked, or very close to it. Fingers crossed for a nice run up next week!

Crumbling!

Wow! For all of that "as soon as Paul is gone we fly" talk, seems like a lot of people are taking this opportunity to get out and move on.

Good luck with that. Only thing going on here is manipulation and scalping. The company is one acquisition cancellation from losing its only and becoming a shell company with no operations.

Stock price and pending dilution says it isn't happening. Why would a promising company merge into one that has to continuously fund operations with toxic transactions and massive dilution?

LOL....good one!

It's worse than that. .0008 is just what the sp was at when they filed. I don't know the details of agreement with GHS, but I would assume they get the shares at a substantial discount when CDIX issues a put. Then GHS will just dump them for whatever they can get for them. .0008 is the "maximum" price.

Or he'll just take it lower. Those got taken out quick. Round 2.

Yeah maybe after he gets filled at 22 he'll pull it. Definitely killed the momentum though.

That was fun. Those walls killed the runup. Maybe tomorrow will keep it going.

Based on what valuation...they have no claim to the assets.