Next conversion will be for JMJ financial on 12/23/14 (Merry Christmas) for $50,000
At noteholder’s option, the principal amount (and accrued interest) are convertible into shares of DoMark common stock at a conversion price equal to 40% of the lowest closing price during the 25 trading days prior to the notice of conversion.
Assuming the stock price continues to hover here at $0.0001/share, the conversion rate would be 40% x $0.0001 = $0.00004/share.
The 10% interest accrued over 6 months (~$2500) would be added to the conversion, resulting in: $52,500 / $0.00004 = about 1.3 billion+ shares.
This conversion would be followed closely by another note due on 1/3/15 for $36,750. At noteholder’s option, the principal amount (and accrued interest) are convertible into shares of DoMark common stock at a conversion price equal to the lower of $0.081 or 50% of the average of the three lowest closing prices during the 10 trading days prior to the notice of conversion. Assuming again at $0.0001, the conversion rate would be about $37,000 (factoring in 8% interest) / $0.00005 = 740 million shares.
The next big one is for $100,000 on Jan. 22 which will be another 2 billion shares.
That's 4 billion plus in the next two months.
