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Churn almost over
Hilarious.. 950M Authorized, 500M Owned and Restricted by CEO. No way to float to grow beyond 450M without filing addendums
Friday frontloaders should almost be done selling for their 10% gains or loss if they chased too high. Churn almost done
Zero dilution here..I will be loading any dips
Pretty obvious this is soon to a be MJ business per latest PR..JMHO.
500M of the 775M O/S are owned&restricted by CEO as well.
So obvious, going multipennies you know everyone and their mother will be trying for cheap shares come 9:31 Monday
LOL, ok buddy, chart begs to differ...been going up for last week on low volume
Glad to hear, is what it is...all picks get frontloaders to some extent. If we were expecting a 1000% winner, now it would still be 300-400% with the recent price increase. People can look it over when released and decide if they want to buy or pass. Personally I have no problem even "only" making 100%
Speculation kills...you chase something and it's wrong, you lose 50% instantly
We'll see, speculation chasing can kill.
Looks interesting
Then it would close up 200% from people trying to chase it and play would be ruined I have a few on watch but nothing is sticking out yet.
Can't wait, will be looking for a few million shares Monday AM
Nice bid, GL with the fill
It was an email, not a post.
already up over 200% from recent lows, also remember teffy saying ticker doesn't have a G R C or U in the ticker symbol. 0% chance.
Nice wall, I see what's going on here
Probably not air shares, but people thinking they can sell .006-.0065 and rebuy lower in .005s. Don't think it's going to work much longer
Just a gut instinct, I think something is close
Haha nice, I'm already sitting on millions, just collecting cheapies as they come along
Still waiting for someone to give up and sell me .005's
Getting loaded..but what do I know
Someone in the know loading last of the BMAK shares IMO..L2 just opened wide..
Getting close..selling lot less aggressive last 2 days. Time will tell
Bounce coming
Get's exciting once 7's start falling
Ya, I think this dilution round is just about done..BKRT hasn't downticked from .007s yet.
Took some 57's, bigger order in at .005 and .004's just in case
Adding in .005s, good shot at bottom IMO
Depends when noteholder conversions end..may be getting close but too early to tell.
Unfortunately not..here's the cut/paste from the last Q. Don't know how much of this still remains. Obvious something is still around as these BMAK/VNDM shares aren't coming from that $90K note that was paid off.
Note 10 – Convertible Debt and Derivative Liability
On December 18, 2014, the Company effectuated a convertible Note Agreement with an investor for the purchase and sale of up to $285,000 of the Company’s original issue discount convertible debentures with a term of 3 years. The first debenture, in the principal amount of $160,000, was issued on December 18, 2014.
In connection with the agreement, the Company provided the lender with 200,000 shares of common stock. The Company used the trading price of its common stock on December 18, 2014 to determine the value of the common stock. The Company recorded a debt discount of $42,000 attributed to the issuance of the common stock.
Per the agreement, the holder may convert the notes into common stock at 70% of the lowest trading price in a 20 day trading window prior to the conversion. The Company has determined that the right to convert the notes at a discount represents an embedded derivative liability that met the criteria for bifurcation under ASC 815 “Derivative and Hedging” which generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. The fair value of the derivative liability was calculated using a Black Scholes model on December 18, 2014 and remeasured at April 30, 2015. The Company recorded a debt discount for the fair value of the derivative liability of $102,000 on the issuance date. The debt discount attributed to the convertible note, the issuance of the common stock, and the derivative liability is being amortized over the term of the note of 3 years and recorded as interest expense in the statements of operations. As of April 30, 2015, the Company determined the fair value of the derivative liability has increased to $191,122 and accordingly recorded $89,122 to capture the change in fair value as other expense in the statements of operations.
On February 20, 2015, the Company effectuated a convertible Note Agreement with an investor for the purchase and sale of up to $66,667 of the Company’s original issue discount convertible notes with a term of 2 years.
Per the agreement, the holder may convert the notes into common stock at the lesser of $0.15 per share or 60% of the lowest trading price in a 25 day trading window prior to the conversion. The note does not bear interest if repaid within 90 day of the borrowing date while a 12% one-time interest fee will be charged on the 91 st day if the note is still outstanding. The Company has determined that the right to convert the notes at a discount represents an embedded derivative liability that met the criteria for bifurcation under ASC 815 “Derivative and Hedging” which generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. The fair value of the derivative liability was calculated using a Black Scholes model on February 20, 2015 and remeasured at April 30, 2015. The Company recorded a debt discount for the fair value of the derivative liability of $60,667 on the issuance date. The debt discount attributed to the convertible note, and the derivative liability is being amortized over the term of the note of 2 years and recorded as interest expense in the statements of operations. As of April 30, 2015, the Company determined the fair value of the derivative liability has increased to $80,355 and accordingly recorded $20,355 to capture the change in fair value as other expense in the statements of operations.
On March 4, 2015, the Company effectuated a convertible Note Agreement with an investor for a principal balance of $100,000 of convertible note with a term of 1 year.
16
Per the agreement, the holder may convert the notes into common stock at the 60% of the lowest trading price in a 15 day trading window prior to the conversion. The debt accrues interest at a rate of 8% per annum, payable in common stock at the conversion rate. The Company has determined that the right to convert the notes at a discount represents an embedded derivative liability that met the criteria for bifurcation under ASC 815 “Derivative and Hedging” which generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. The fair value of the derivative liability was calculated using a Black Scholes model on March 4, 2015 and remeasured at April 30, 2015. The Company recorded a debt discount for the fair value of the derivative liability of $89,672 on the issuance date. The debt discount attributed to the derivative liability is being amortized over the term of the note of 1 year and recorded as interest expense in the statements of operations. As of April 30, 2015, the Company determined the fair value of the derivative liability has declined to $86,562 and accordingly recorded $3,110 to capture the change in fair value as other income in the statements of operations.
On April 1, 2015, the Company effectuated a convertible promissory note with an investor for a total principal balance of $64,000 of with a term of 1 year.
Per the agreement, the holder may convert the note into common stock at 61% of the lowest 3 trading prices in a 10 day trading window prior to the conversion after 180 days. The note accrues interest at a rate of 8% per annum. The Company has determined that the right to convert the note at a discount represents an embedded derivative liability that met the criteria for bifurcation under ASC 815 “Derivative and Hedging” which generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. The fair value of the derivative liability was calculated using a Black Scholes model on April 1, 2015 and remeasured at April 30, 2015. The Company recorded a debt discount for the fair value of the derivative liability of $60,000 on the issuance date. The debt discount attributed to the derivative liability is being amortized over the term of the note of 1 year and recorded as interest expense in the statements of operations. As of April 30, 2015, the Company determined the fair value has declined to $54,619 and accordingly recorded $1,339 to capture the change in fair value as other income in the statements of operations.
On April 24, 2015, the Company effectuated a convertible Note Agreement with an investor for a total principal of up to $115,000 with a term of 1 year. The debenture, in the principal amount of $115,000, was issued on April 24, 2015.
Per the agreement, the holder may convert the note into common stock at the lesser of $0.10 or 65% of the lowest trading price in a 30 day trading window preceding the date of conversion. The note accrues interest at a rate of 15% per annum. The Company has determined that the right to convert the note at a discount represents an embedded derivative liability that met the criteria for bifurcation under ASC 815 “Derivative and Hedging” which generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. The fair value of the derivative liability was calculated using a Black Scholes model on April 24, 2015 and remeasured at April 30, 2015. The Company recorded a debt discount for the fair value of the derivative liability of $100,000 on the issuance date. The debt discount attributed to the convertible note and the derivative liability is being amortized over the term of the note of 1 year and recorded as interest expense in the statements of operations. As of April 30, 2015, the Company determined the fair value has increased to $135,388 and accordingly recorded $35,388 to capture the change in fair value as other expense in the statements of operations.
On April 24, 2015, the Company effectuated a convertible note agreement with an investor for the purchase and sale of $50,000 of the Company’s original issue discount convertible note with a term of 8 months.
Per the agreement, the holder may convert the notes into common stock at 70% of the lowest trading price in a 30 day trading window prior to the conversion. The note accrues an interest of 1% per annum. The Company has determined that the right to convert the notes at a discount represents an embedded derivative liability that met the criteria for bifurcation under ASC 815 “Derivative and Hedging” which generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. The fair value of the derivative liability was calculated using a Black Scholes model on April 24, 2015 and remeasured at April 30, 2015. The Company recorded a debt discount for the fair value of the derivative liability of $31,572 on the issuance date. The debt discount attributed to the convertible note, and the derivative liability is being amortized over the term of the note of 7 months and recorded as interest expense in the statements of operations. As of April 30, 2015, the Company determined the fair value of the derivative liability has declined to $30,975 and accordingly recorded $597 to capture the change in fair value as other income in the statements of operations.
Problem is the % discount is based on the lowest trading price in the previous 20 days..which means they can be converting .002-.003 (.0041 X 50%).
Agreed, but this stock is still a total guessing game until the other notes are done converting..
I would say it's a pretty safe bet..
"This debt facility will give us access to up $2,500,000 in non-dilutive debt. We intend to use the proceeds to retire our convertible notes and to grow our Active Optimization business. The note is scheduled to close within six weeks," stated John Hwang, Chairman and CEO of AmbiCom Holdings, Inc.
While that is correct, there are still other outstanding notes. The cash used to pay it off is not from revenue streams, it's from this $2.5M debt facility...just exchanging one type of debt for another.
http://finance.yahoo.com/news/abhi-signs-term-sheet-pioneer-130000506.html
There are other notes listed in last Q..
Adding a few .0058
Someone toying with this using VNDM as a scare tactic imo
Aggressive buys after big shake, something coming IMO