Cannagistics Inc (CNGT): From Filings... http://www.otcmarkets.c...

Reply Private New

Replies (1) Next 10 Prev Next

Send PM Follow Ignore

Followers	461
Posts	25261
Boards Moderated	0
Alias Born	06/26/2006

~ TRT ~

Re: cubsrule1723 post# 1004

Wednesday, 01/20/2016 12:06:01 PM

Wednesday, January 20, 2016 12:06:01 PM

From Filings...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11072737

"The holder may convert the principal and accrued interest into shares of the Company’s common stock at $0.247386975 per share up to a maximum conversion allowance of 6,871,825 shares. If the Company raises $5 million in debt or equity financing or if the holder converts any portion of Note A, then Note A will automatically convert at maturity into a total of 6,871,825 shares of the Company’s common stock. If we prepay Notes B and C, however, then the conversion price will adjust to $0.105139464 per share for a total conversion allowance of 16,169,000 shares. "

Imagine 16 mil shares hitting the market at .10 when this is trading in dollars ...

Disclaimer: My opinion is based on extensive DD of fundamental & technical analysis of the company, its business plan and management. I am not a financial advisor nor a stock promoter. I am an investor. My DD does not replace your own DD.