InvestorsHub Logo
Followers 170
Posts 8965
Boards Moderated 0
Alias Born 01/24/2011

Re: janice shell post# 59202

Wednesday, 12/07/2016 4:12:16 PM

Wednesday, December 07, 2016 4:12:16 PM

Post# of 66191
First $50K could add 714.3M shares

Per the PPJE PR, the first $50K note can be converted at any time, at 70% of the low.

Taking conversion "at any time" literally, then much of today's selling at $0.0001 could have been conversions made at $0.00007.

Converting $50K at $0.00007 results in 714,285,714 shares added to the OS.

I would expect that future tranches from GPL will be priced at 70%, or lower.

Which is why Basu won't lower the current AS from 20B until after the next reverse split.

"Soylent Green is people!!!"

Detective Robert Thorn: Telling uncomfortable truths since 2022

DRT is Charleton Heston's character in the 1973 movie, Soylent Green, set in the year 2022, and is not my real name