News Focus
News Focus
Followers 742
Posts 78437
Boards Moderated 0
Alias Born 01/01/2012

Re: RiverWolf post# 17995

Tuesday, 02/10/2015 9:47:20 AM

Tuesday, February 10, 2015 9:47:20 AM

Post# of 18916
Hmmm, it doesn't look like you read the 10-K very closely - if you had you would see that a note from KBM Worldwide (the old Asher) is due February 20, 2015:

May 20, 2014 February 20, 2015 $53,000

It also states the following:

The conversion price under the Notes is a 49% discount to the average of the 3 lowest closing prices for our common stock on the 30 trading days immediately preceding the conversion dates

If the conversion was today the conversion price would be 0.000096.....

That leads to the conversion of $53,000 into 552,083,333 shares - now that is some nasty dilution.

Nothing. I repeat nothing happens on the 20th as claimed by others.

Read the 10-K again.

IG

What's the frequency, Kenneth?

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today