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Lol....Called it!
There are a few billion more left. At least 3-4
Lol...third time
Sure...They have that already for other items. But more importantly the note holders need the buying. There are still billions left to buy!
He needs the buying!
Actually, it really doesn’t matter to them. They can currently convert at 70% of 0.0003, or 0.00021. So any news which causes retail buying will eventually be met with conversions.
Buying has slowed down, thus only 5 million T trade. I expect something to spur buying soon so that more can be converted.
I’m not telling anyone to buy or sell, just mentioning that conversions are happening regardless of what is said
Converters are not hurting in any way. That T trade after hours just adds to the OS. They converted below the trading price and sold into the market. So, money made.
12 million T trade.
If it works, great! But we need to be cautious
Drafting agreements to get subscriptions. Doesn’t necessarily mean it’s going to bring money. But we will see
Means nothing. Retail is the one who is going to take it hard.
But Matt thanks retail for keeping him in the lap of luxury. Cha Ching.
No. It really isn’t because of billions of shares coming.
The calculation is 70% of the lowest closing price in the past 15 days from the conversion request. Right now, the calculation is 0.0003 x 70%. Or for each dollar to convert, it is almost 5,000 shares.
I don’t have to call anyone. Either we get an update of the OS next week, or We don’t after months
upon months of updates
You can bet if it doesn’t update in March, the dilution is really really bad.
Not to worry, Matt is obligated to do a 10-k in April. But be careful until then
Lol....two posts...lol...so fake
Like I said, either an update early next month as there has been every month, and it will show a several hundred million increase in OS or Matt hides it and then you know it’s worse
Also, either the OS updates next month like it has every month and you will see several hundred million shares added to the OS or Matt will have instructed the transfer agent not to update the shares. That is a worse position because you will know it’s going to get really really bad before he has no choice but to update in the 10-k (as required by the SEC).
The T trades after hours here on INND are very likely the opposite side of buying into dilution all day. So, 20-30 million plus at least 40-50 million each day over the most recent period. It won’t take long to add hundreds of millions of shares to the OS. Billions due
They probably have taken out more notes. I also suspect at these levels, we are currently talking about billions of shares to the OS.
It doesn’t take long at 30-40 million a day. In 10 trading days, you’ve added 300-400 million.
Ok. But have you seen any notices of the current notes other than via 10-q or 10-k? That is a no.
So they aren’t disclosing notes...
You would think so. At least it used to.
Right now, I am seeing more and more penny scams bury their notes in 10-qs and 10-ks, so you wouldn’t see it until much after the fact. Like you will here in April.
It’s a gamble....
22 million T trade after hours meaning, like I said at the Beginning of the day, noteholders are converting.
They will continue because we haven’t reached 4-5 billion OS yet. Plus we don’t know how many more notes Matt took out, yet.
It isn’t.
Conversions will eat through those 0.0003s. Not many there...
17 million T trade. Yes dilution..it would be more but people are starting to correctly figure out what is happening
Whoa! So he lied again? Who knew? Oh ya, us.
After hours 25 million T trade. Who knows how many conversions during the day. Wow
The annual report isn’t due until April. Expect a new share count in March
Yes...compete dilution. Obvious as the increasing share count.
From 91 million a year ago
To 120 plus million
To 256 million
To over 350
And latest over 600 million
It will be much larger than that in March if Matt doesn’t block the transfer agent from updating.
He might. After all, he needs retail to buy...
This is dilution is obvious.
You’re welcome.
Of course it is obvious the 5 billion shares is currently converting at between 40-60 million a day thus far. It can easily be seen in the T trades after market time and sometimes mid day, when 25 million all of a sudden shows the opposite of a large amount of buys on a dilutive market maker.
Page 24 describes the current amount which is well over $1 million. Discounting has nothing to do with what is converting.
Still, I am correct and almost 5 billion is coming, or currently converting
All of pages 20-24 in the 10-q have the exact identical terms and have not been paid off. Likely over $1.2 million, but I’ll be nice and say only $1 million. These currently convert at $1.0 million/0.00021= 4.7 billion shares
Enjoy
Pulled right from the last 10-q from all notes. Plus at that time there was $1.5 million in notes, thus the AS of 15 billion. The lowest trading price and closing price is 0.0003, and thus shares are converting at 0.00021. It looks like well over 4 billion shares converting into the OS.
“The Note is convertible into shares of the Company’s common stock, at a conversion price equal to the lesser of (1) 70% of the lowest trading price or lowest closing bid price during the previous 15 trading day period ending on the last completed trading date prior to the issuance of the Master Note and (2) 70% multiplied by the lower of the lowest trading price or lowest closing bid price of the Company’s common stock during the 15 day trading period ending on the latest completed trading day of the common stock prior to the date of conversion of the Master Note.”
Nope. My math is irrefutable. I took it from Matt’s own 10-q. 70% of the lowest closing pps in the last 20 or so days. It’s black and white, clear as day. In fact, with my stated increase in the OS is conservative at best.
Shareholders should be aware. Have a nice day
Currently, noteholders are converting at 0.00021. This means, for every dollar they get back for financing Matt and family, they dilute around 4,750 or so shares. I expect the OS to be over 4 billion soon, let’s watch
There are many examples of companies going to no bid. But as long as notes exist, they will find a way to sell shares above 0.0001
If the volume dries up, noteholders may drop it, but after 0.0003, there is not much between that and 0.00000. Either a RS or another pump so noteholders can convert
Thank you for that. This is the correct information for SECI