Dilution Schedule:
Black Mountain Equities, Inc. due 5/13/14 - $45,000 convertible at 50% of the lowest closing price during the 10 trading days prior to the notice of conversion. For arguments sake, lets say the conversion price is 50% of $0.003 - this would equate to 30 million shares.
In June there are two more coming due for $50,000 and $32,500 convertible at a conversion price equal to 25% of the lowest trading price during the 20 trading days and 55% of the average of the two lowest closing prices during the 15 trading days prior. Again, assuming $0.003 average price, the conversion would be on the order of magnitude of about 86.4 million shares.
For the remainder of 2014, there is an additional $279,700 of convertible debt coming due on a variety of steeply discounted conversion rates resulting in hundreds of millions of shares potential to dilute.
2015 continues with another $110,000 becoming due....the train keeps coming.