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Re: Iluvbbs post# 4966

Wednesday, 04/27/2016 8:46:08 PM

Wednesday, April 27, 2016 8:46:08 PM

Post# of 34429
The debtholders already converted and hold shares.

The 8-K states that with the shares given to Canteck, there is already 4.1 Billion shares.

If you read the 8-K, the company needs another $41,698 to bring filings current and other costs associated with the closing.

If we assume a conversion price of 0.0001 for that, we are looking at 416,980,000 additional shares.

If you think 0.0003 is the conversion price, still need close to 140,000,000 shares.

Canteck won't be selling shares, they are looking to go public.

We need confirmation of closing, otherwise this has just been a pump for old debtholders.

The 8-K document said April 28th is the closing date .... we need confirmation otherwise this stock is a dead man walking.