Man, way too many Notes to go through.
The amount of Due $ could be even higher now per the Terms of some of the notes, since the Lenders weren't able to convert for over a month. (Interest, and additional %)
Rough estimate is anywhere between 500-800k i'd think.
(too lazy to go through all the Filings)
but lets use the lower number as an Example:
So 500k at ~.00025 (i've used a 40% discount here as average)
would mean that 2Billion share would be needed.
This varies a little depending on the Terms and the conversion price will vary as well since they won't convert all at once.
But it clearly shows already now that these additional shares are reserved and needed just for the toxic Lenders.
But yes, at least one additional Note became already Due and another one will become due in two weeks or so. Per the Filings, this will continue on basically month by month...
No clue how the market will react on the amount of shares that will likely be dumped here (imo very soon).
At this time there is no new Filing about additional loans or other non Toxic Debt Sources. We'll have to wait for the next 10Q i guess, to see how much Interest etc has been added over the past weeks.
The Status of the Lawsuit with their old Bank is also unknown at this point.
JMHO
