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Re: logytwo post# 9301

Wednesday, 05/18/2016 11:04:54 AM

Wednesday, May 18, 2016 11:04:54 AM

Post# of 22541
Don't forget about the premium.
Under FASB ASC 505-10 Equity : Overall, the Company must disclose that the settlement alternatives are at the control of the Lender and that there is a potential for an infinite number of shares having to be issued, although the Lender has elected to limit its beneficial ownership to less than five percent unless the Company receives proper notification that the Lender will at any time convert either part or all of the loan to shares.