you mean this convertible? I wouldnt be so worried about this
"On April 30, 2015, the Company issued Carebourn Capital Group ("Carebourn") a convertible note in the amount of $62,000. The note carries a discount of $4,000 and has an effective interest rate of 22%. The note is due on January 30, 2016, and is unsecured.
Carebourn may convert the entire loan amount into shares of the Company's common stock, at a conversion price for each share equal to the lowest closing bid price for the common stock for the thirty trading days ending on the trading day immediately before the conversion date multiplied by 50% at any time after July 30, 2015."
As of now this means the conversion price will be $.02 for a $62,000 loan.
That comes out to 3.1 million shares.
oh man, quiver in your boots. that HUGE note is coming....
Realistically, yes this is 3.1 million shares of dilution. However, this measly amount of shares will be eaten through with no problem IMO. Chances are the lender wants at least a 100% gain meaning they will likely sell anything at or above $.04
