Company has used stock to pay monthly debt payments in April, May, June and now July.. and paid out 155 million shares to do this so far. Due to price decline, manipulated thru Maxim thru shorting scheme as agent for shark note holders, this has exploded.. from 7.2 million for April and May monthly payments to 148 million shares, issued at about 55/100ths of a cent for the June and July payments.. so what happens for August.. September... and in the future?
Current outstanding balance on debt is 15.1 million and 10.8 has not yet been released.. with half a million to be released still subject to equity agreement company is in violation of today, so company has only received,net.. 4.3 million... and what has company received in exchange.. one of the greatest stock price murders of recent times.. so far price has fallen from about 50 cents to a penny in less than four months..
Management gets to vote the shares convertible shark lenders have over 10 percent.. which is probably over 60 percent now and may be higher if shareholder meeting held anywhere near August 12th, as August payment in stock will be paid to shareholders by then... raising outstanding shares to around 260 million or more by then... and don't forget.. the stock is probably trading base upon 60 million shares outstanding until after convertible note holders begin to sell the stock they own over limit of ten percent on the market after the shareholder meeting.
AI
