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Re: sp4202 post# 12615

Saturday, 06/27/2015 12:21:52 AM

Saturday, June 27, 2015 12:21:52 AM

Post# of 47865
Yes I do believe the conversions are over. In totality on June 17th the company stated 290k of convertible debt was still outstanding. If you low ball it and give the conversion price at PAR .001 then 290k of debt would equate to 290 million shares. Since June 17th the outstanding shares issued has increased just about 300 million shares so yes I say it is finished or extreamly close at least. Some think Magna has another note converting in a few weeks. I think it has already been converted. At any rate the current conversions that hit this week are certainly done. The Typenex and TJC loans. D U N done. Even if Magna has another note in a few weeks not yet converted (again I think it has been already) but lets say it hasn't. This gets to trade clean for weeks without conversions and with hype galore. That is a good recipe. Notice how VFIN was dorking around today? That is because he had nothing to convert. He just played whack a mole on the ask. Slipping and sliding making sure to stay on the ask without filling orders on the ask. CDEL and NITE had to fill almost all ask orders. Not typical behavior of the mighty VFIN to just dork around on the ask all day. The other 3 of the 4 horseman BKRT VNDM and BMAK had nothing. BMAK and BKRT dorked around a little but didn't really do anything. The 4 horsemen had nothing to convert they just tried to put on a little show is all.

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