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Scott12

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Scott12

Re: pepeoil post# 11353

Thursday, 04/13/2017 1:03:53 PM

Thursday, April 13, 2017 1:03:53 PM

Post# of 16205
Huge dilution is right. $90k debt / the current stock price which is .0005 = 180m shares. I'm sure the conversion price is a lot lower than .0005. It's probably more like .0001. If that is the case we are talking 900M shares would have to be sold to pay off $90k worth of debt. Ouch indeed. Now it makes sense why the CEO recently increased the share structure.
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