Atlas Lithium Corp (ATLX)

[Mysterium]

$BMIX The company put out a PR at the end of last year, discussing the amount of variable-rate debt remaining. Here are the calculations I came up with, as of Dec 18, 2015. Debt has obviously been lessened as of today's date. To what extent has it been lessened? I do not know.


"$BMIX Calculations on Variable Rate Debt:

$378,000 wiped out

$126,611 remaining

Total variable-rate debt: $504,611

Eliminate Debt divided by Total Debt(Variable): $378,000/504,611

= 74.9% of debt eliminate

= 25.1% of variable-rate debt remaining


Fixed floor can't convert until .0025; and next fixed floor at .005

.0001 - .0025 = 25x current share price of .0001

.0001 - .005 = 50x current share price of .0001"


Essentially, even with the promise that the operations held(and still do hold), I purchased shares at the bottom, knowing that I was purchasing the variable-rate, due to the fixed-floor. Once the variable-rate is gone, the next round of debt can't have payment enforced until .0025. I still look forward to the fixed-floor, just as I did upon my original purchase.