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Re: CASHOUTKING post# 35319

Saturday, 03/25/2017 2:46:46 PM

Saturday, March 25, 2017 2:46:46 PM

Post# of 39916
Fingers crossed. 60million shares is about $30k that was accumulated. Of course these conversions are at a 52% or 48% discount depending on which ones. But there really isn't any major money left out there to convert. Off the top of my head I believe the note in May that's due is around $40K which converts to $82k in shares @52% roughly. Averaging that over the past 20 days if they decided to convert early is likely converting at .0002 issued price. So I'm really hoping we aren't about to see 200million shares dumped which would mean we have another 140 Million left to go. The good news is that they haven't been willing to really dump below .0004. So we may be okay at the .0004 and .0005 level as long as the volume continues and we can rid ourselves of this debt. Once that happens this should move very nicely out of the trips into the .001 range. Past history does indicate though that they usually push press releases when they dump and we haven't seen that. So we may just be ending the conversion now and be okay heading into next week. Time will tell but this could be an interesting week one way or the other.
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