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Sunday, May 03, 2015 7:36:23 AM
The next 2 conversions take the price to 0.0001 and shares out close to 3B. They 1 for 10, lowering the shares out to 300M and raising the price to 0.001. Offor then converts his 250K into 250M shares, giving him a post split total of 280.5M with 500M out.
Offor owns 56% (up from 43%) and anyone that supported the company through this fiasco likely stayed whole, or like Offor, gained share. The only missing piece that would make this work is a positive outcome from the MOU in the EEZ... MOU expires June 16th.
I post this just to illustrate that there are literally 100's of scenarios that are not "horrible". We'll have to wait to see what they come up with.
People maintain anonymity for a reason and it is rarely noble.
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