EVIO Inc (EVIO)

[winmeny]

The Noteholders don't care about the price. Whatever the price it is currently, they will get 70% discount of the 3 lowest closing bid in the previous 20 trading days. For example, the 3 lowest closing bids were .0051, .0055, .0058. The average is .0055. They got 70% off of .0055 and that's .0016. So the converted at .0016 and sold at .02. That's outrages amount of profits.

The conversion price (the "Conversion Price") for each Conversion (as defined below) shall be equal to the product of 70% (the "Conversion Factor") multiplied by the average of the three (3) lowest Closing Bid Prices in the twenty (20) Trading Days immediately preceding the applicable Conversion.