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rsh

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Alias Born 04/28/2015

rsh

Re: A27 post# 3180

Friday, 01/29/2016 8:35:41 PM

Friday, January 29, 2016 8:35:41 PM

Post# of 26237
Frankly, I'm not very optimistic about it and for the following reasons. I wrote a program to sum up the trading volumes and the dollars traded (since July) as a result. Those numbers are:


Monthly Volumes
Month 07 Volume 136,656,492
Month 08 Volume 85,210,821
Month 09 Volume 215,447,075
Month 10 Volume 1,932,527,814
Month 11 Volume 1,653,884,010
Month 12 Volume 498,869,901
Month 1 Volume 520,129,664 (Jan. 2016)

Max Daily Volume = 494,289,623 (10/30/15)

Monthly Dollars
Month 7 Dollars $1,962,539
Month 8 Dollars $824,449
Month 9 Dollars $642,718
Month 10 Dollars $825,420
Month 11 Dollars $185,953
Month 12 Dollars $49,887
Month 1 Dollars $52,013 (Jan. 2016)



The Monthly Dollars are just the daily volume times the average daily PPS (which has been a constant 0.0001 for ~3 months) summed over the month. What is noticeable is the decline in the total Monthly Dollars. If every dollar is assumed to be taken in by the convertible note holders, then one can see that the debts are not being paid off very rapidly. In fact, a $2 million debt would require 40 months at ~$50,000/month to repay.
This shows the financial incompetence of Bates and his CFO as this is a really steep mountain to climb. If there are not sufficient sales (or refinancing) to knock off that Convertible debt, this mess must continue and it WILL kill the company. It is clear that this is a binary situation. The insane part of it all is that this was (and perhaps still is) a solvable problem if they had 2 working brain cells looking at the financial side!
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