InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,447.87
(
-0.31%
)
US TECH 100
19,021.20
(
0.33%
)
Dow Jones
39,411.21
(
0.67%
)
Brent Oil
84.96
(
-0.37%
)
Bitcoin
60,824.46
(
0.93%
)
Post# of 30644
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

mario3349

Send PM Follow Ignore
Followers 15
Posts 975
Boards Moderated 0
Alias Born 01/24/2014

mario3349

Re: None

Tuesday, 04/08/2014 10:29:52 AM

Tuesday, April 08, 2014 10:29:52 AM

Post# of 30644
So, according to the 8K the "Initial Debt Exchange Amount: $30,000" for 30,303,030 shares. The remaining debt the creditor now holds is $245,000. At the same exchange rate of .00099/share, it would mean a stock swap total of 247.47 MILLION SHARES! That's if the share price stays around .0020/share. I'm thinking that is substantial. If the avg. daily share price drops then more shares will have to be swapped to pay the debt. Just saying.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up