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Re: None

Tuesday, 03/08/2016 12:19:31 PM

Tuesday, March 08, 2016 12:19:31 PM

Post# of 58494
The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to fifty-eight percent (58%) of the average of the three lowest reported sales prices of the Company’s common stock for the ten (10) trading days prior to the conversion date.

The keys here are:
1) 58%
2) of
3) prices

Don't mistake #2 with "off".
I can't make it any clearer.