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Thursday, November 13, 2014 10:11:04 AM
This brings the O/S up to 68.3 million, an increase of 165% since the previous quarterly statement.
What is interesting about the debt conversion noted above is that it equates to a conversion price of $0.0018/share which is BELOW the par value of common share price ($0.0025) - so the company is actually giving away shares at a price that is lower than the nominal paper value!!
The good news is that the company has 500 million authorized in total to continue the printing press at their personal ATM machine....
Anyone ask Trent if we are in the "dilution zone" yet??
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