8k's and conversion notices- Sorry in advance if this has already been posted- For anyone interested in more on conversion (s), I found ( along will all the 8k's that have in fact been filed) this notice of conversion on a $250k note. I am not going to slog through a bunch of calculations or look at the other notes etc but the info is there. The most recent ( and final) conversion (s) may or may not use the same formula. Bottom line is CEO is doing a ton to generate revenue and improve the financial picture of the company IMO-Long BRWC
Excerpt: Date of Conversion: Jan 19, 2015 Applicable Conversion Price: $0.0014233 Calculated as 30% discount to the average of the 3 lowest trades on the previous 10 trading days to the conversion (0.70 x ((0.002 + 0.002 + 0.0021)/3)) Number of Shares of Common Stock to be Issued Pursuant to Conversion of the Notes: 180,032,305 restricted Amount of Principal Balance Due remaining Under the Note after this conversion: zero
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