It should be clear now why the toxic lenders continue to fund the company as long as retail buys the company's stories and the toxics' shares.
From 8/31-9/6, 2.4 million shares were converted from toxic debt.
1.8 million shares were converted at just over 1 cent and the rest at an average of just over 2 cents.
- In the period of the conversions (8/31-9/6), 1.6 million shares were traded at prices ranging form $.017 to $.08.
- On 9/7, 2.2 million shares traded. at prices ranging from $.0145 to $.032
On 9/26, 687,000 shares were converted at $.0036 (3/10th of a penny) each, taking advantage of the 35% discount off the low of $.006 on 9/9/16.
From 9/27 - 10/3, 767k shares were traded at prices from .06-$.186
Interestingly, this is when the rumor that toxics were gone and there were 2 million shares short were heaviest. Hmmmmmm.
There were many more conversions in Q3, but the above show how profitable these loans are for the lender, and of course, free money for the company.
On July 15, 2016 EMA Financial elected to convert $7,150 of the principal of the note the purchased from Auctus Fund, LLC on March 31, 2016 originally issued on October 6, 2015. The Company issued to EMA Financial 55,000 shares of company stock.
On July 29, 2016, Crownbridge elected to convert $8,060 of the principal amount of note issued on January 12, 2016. The Company issued to Crownbridge 62,000 shares of Company stock.
On August 3, 2016 the Company issued 9,204 shares of Company stock to a consultant for services performed under an agreement originally signed on May 6, 2015.
On August 3, 2016 the Company issued 20,000 shares to a consultant for services performed under an agreement originally signed on June 6, 2016.
On August 3, 2016 the Company entered into a subscription agreement with a shareholder to purchase 50,000 shares of the Company common stock at a price of $0.05 per share for a total purchase price of $2,500.
On August 4, 2016 the Company entered into a subscription agreement with a shareholder to purchase 100,000 shares of the Company common stock at a price of $0.05 per share for a total purchase price of $5,000.
On August 5, 2016 the Company entered into an agreement with a legal consultant to perform intellectual property consulting services. The initial term of this agreement is for one year of services. The Company issued the consultant 25,000 shares of Company stock as a retainer for these services.
On August 5, 2016, Crownbridge elected to convert $7,508 of the principal amount of note issued on January 12, 2016. The Company issued to Crownbridge 77,000 shares of Company stock.
On August 15, 2016 Yoshar Trading, LLC elected to convert $3,000 of the principal of the note issued on January 20, 2016. The Company issued to Yoshar 43,956 shares of Company stock.
On August 23, 2016 the Company entered into a subscription agreement with a shareholder to purchase 200,000 shares of the Company common stock at a price of $0.05 per share for a total purchase price of $10,000.
On August 24, 2016 EMA Financial elected to convert $6,825 of the principal of the note the purchased from Auctus Fund, LLC on March 31, 2016 originally issued on October 6, 2015. The Company issued to EMA Financial 100,000 shares of Company stock.On August 31, 2016, Crownbridge elected to convert $7,956 of the principal amount of note issued on January 12, 2016. The Company issued to Crownbridge 390,000 shares of Company stock.
On August 31, 2016 Yoshar Trading, LLC elected to convert $3,000 of the principal of the note issued on January 20, 2016. The Company issued to Yoshar 153,846 shares of Company stock.
On September 6, 2016 Yoshar Trading, LLC elected to convert $4,000 of the principal of the note issued on January 20, 2016. The Company issued to Yoshar 361,991 shares of Company stock.
On September 6, 2016, APG Capital Holdings, LLC elected to convert $4,000 of the principal amount and $165 of interest of a note issued on February 29, 2016. The Company issued to APG 376,906 shares of Company stock.
On September 6, 2016, Crownbridge elected to convert $7,007 of the principal amount of note issued on January 12, 2016. The Company issued to Crownbridge 687,000 shares of Company stock.
On September 6, 2016 EMA Financial elected to convert $4,420 of the principal of the note the purchased from Auctus Fund, LLC on March 31, 2016 originally issued on October 6, 2015. The Company issued to EMA Financial 400,000 shares of Company stock.
On September 26, 2016, Crownbridge elected to convert $2,473 of the principal amount of note issued on January 12, 2016. The Company issued to Crownbridge 687,000 shares of Company stock.
