well roe there were two 50k notes with 12% accrued interest per year. puts us close to 125k. I am kind of curious though about this clause:
The notes are convertible at a conversion price the lesser of (a) $0.25 per share, or (b)the price per share as reported on the Over-the-Counter Bulletin Board on the conversion date.
The way I read it is: closing price on day of conversion but that cant be right, there has to be a hidden clause associated with that because they would not convert and sell at a lower price than what they converted for.
I exchanged emails with warren multiple times yesterday and I questioned what the O/S might be I threw a number out of 450 million, and he responded
couldnt get an exact number from him though, if I had to guess it has to be close to 350 million
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