Microelectronics Technology Co. (fka MELY)

[Trth4Sail]

The part that doesn't make sense to me is them NOT paying this off. Really it's $55,000 with interest and fees worst case around $75,000 and at current hash rate we've seen during testing this amount shouldn't be an issue to pay in order to save the POST RS from a note converting as low as .000045 for $55,000 worth.

$55,000 converted at 55% of 10¢ is about 1 million shares for them to dump starting at 10¢ and breaking even at 4.5¢

$55,000 converted at 55% of .0001 is about 1.2 billion shares for them to dump starting at 10¢ and breaking even at .000045

So yeah either they push the RS date to be in February so they have to use post RS PPS bids or they pay it off. Unfortunately no option to force a conversion prior to RS since the AS wouldn't be large enough to complete the conversion.

Considering that hash rate i figure they are legitimate and will not want to see a conversion as I outlined so they will most likely pay this one off.