Good Gaming Inc (GMER)

[LouisDesyjr]

How they are paying people

The same way they always do, by taking convertible debt for cash which they then cash in for 100% plus return!

Good Gaming Announces Plans to Monetize its Social Network

GG's angel investors and their affiliates have been funding the Company's burn since November 2016 to the tune of $75,000 in debentures per month.

So, at $75,000 per month, and it has been at least four months, that is $300,000 in convertibles so far. Assuming they do the standard terms of a 50% discount to the market price, that would mean we can expect at some point they convert that into 3 billion common shares, pre split.

Some may recall that there are only 2 billion common shares pre split, giving the existing shareholders an over 50% dilution on just this funding.

And, as they say, the icing on this cake is that it looks like since November 2016 revenue has been zero.

Of course, the 'angels' will be just fine with a 100% (or more) return on their investment in only a few months.

Louis J. Desy Jr.