Wednesday, October 21, 2015 12:43:20 PM
It's hard to believe that this is the cheapest it will ever be!
We can only hope that the product will launch to cover the over-hang here blocking the sun; and even than, it will take a revenue miracle to take this back to 9 cents or more where most of us suckers bought the stock in the first place.
Looks to me more like 100M in the float at this moment in time !
The float posted on OTC has to be inaccurate and out-dated. There were 53M free trading shares deposited with SAND’s broker last month. There were other conversions sent into Securities Transfer Corporation, for debt purchased by Asten Wyman International from FBEC’s old accountant (Norman Birmingham) for almost 4.4M shares. There will be conversions from Adam Heimann for his 10M shares that mature in November, and a note with David Eckert for $25,000 that will mature on 11/29/2015 which would result in 2.5M shares. There is a $30,000 note that matures with Asten Wyman on 2/26/2015 for 50% discount.
This doesn’t include the undisclosed amount of conversions submitted by Beaufort Capital Partners between July 1st and now.
The float will update when the next quarter filing is edgarized, and this doesn’t need to happen until next month ! So what you see on OTC today is not what the float really is !
The filings show a TOXIC holiday season !
SAND and S&L Capital LLC are one in the same. The filings below show that he received 9000 Preferred shares, Filed a FORM-3 in May-2015 and converted them at the same time to 53,406,528 free trading common shares. They were deposited with a broker last month and are being sold into the market.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10676757
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10707985
Don’t forget that in addition to Beaufort Capital Partner’s horrific conversion features of $.0001 on a debt piece in addition to all of their other notes, there are shares in the hands of the following:
Lamina International-1,339,226 issued on 5/28/2015 and mature in November per the 8K filing on 5/28/2015.
David Eckert’s $25,000 note matures in November at 50% to the lowest trade 20 day look back ! Several million shares …..
Asten Wyman International purchased debt in August and received 4.4M shares…..and gave a new note of $30,000 to FBEC at 50% discount !
William Haseltine note of $200,000 at 25% discount which could equate to 10M shares at these levels which is mature in January-2016.
Laura Strause/G. Randall & Sons have a $35,000 note at 25% discount that matures in December which could be 1.7M shares.
Commitments to issue or already issued 10M shares each to Jason Spatafora and Adam Heimann.... 20M shares to be dumped !
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