DD On Convertible Notes
I have listed all the notes below for you.
The OS was 158.17 million on March 20, 2017
That being said here is my take-U decide
1)The legacy notes had 51% discount and horrible default penalty provisions ( see below note "e" and "g", bad notes) and the company had defaulted on the notes.
2)The pps went down hard because the management decided to get rid of those legacy notes and they did it fast and furious. The OS was only 51 million recently.
3)If you look at the numbers below and today is May 7h, it is safe to assume that all the notes are done by now.
4)If you dig through the 10Q and do the math it said they are expecting the OS to be 240 million when all notes converted. At least that gives us some idea to what the OS could be.
5)By fixing the balance sheet their most recent notes was at 20% discount which is a remarkable feet to achieve.
6)If this was a privately held VC-backed company it would be valued over $100 million. I primarily invest and work with such companies since 1999, so I know what I am talking.
7)The chart just turned north -uptrend is just starting.
8)Once it takes out recent high of 0.0062, that will confirm the upward trend and people will jump in is my guess.
9)Then we are in a race towards new highs each time. Staircase to heaven.
10)The 52 week high is above $0.40
11) Of course, it all depends on the management. if they screw it then all bets are off.
12) But it is looking like they want to increase the shareholder value and hence hired a reputable IR firm recently and started Social Media campaign.
13) IMO- this is not your typical sticky pinky. But I have been wrong before.
14) I am holding for the long haul and I think this has the potential to reach dollar figures. The company wants to build a real Tech co and be trading in big board’s sometime in future
15) I don't pump or bash. I say what I see even if it hurts my position. U decide what is good for you. I have been wrong before because generally OTC managements are liars and they say one thing and do another. So my analysis becomes irrelevant. But I am as honest a person as you can find.
Look at all the notes below. Today is May 4th. Safe to assume it is all done by now.
March 20, 2017- OS 158.17 million
Convertible Debentures on Jan 31, 2017
a) December 17, 2013 = $32,500 - Paid off
b) May 21, 2014 = $37,500 - Bal - $17,440
c) May 23, 2014 = $40,000 – Bal -$38,477
d) May 17, 2016 = $10,000- Paid off
e) May 17, 2016 = $33,000 – Bal ($5,915+$23,437) - $2802-$3071-$3220-$3529-$3874-$4185-$4600-$4071=Bal 0
f) June 13, 2016 = $69,000 – Bal $69,000-$5082-$5375-$5375-$7095=$46,073
g) July 21, 2016 = $56,750-Bal ($9,190+$47,340)-$1020-$1267-$1549-$1706-$4417-$4452-$5695=$36,424
h) Aug 18, 2016 = $27,000 – Bal ($25,909+$1,091)-$2500-$4700-$4750-$7475=$7575
i) Nov 4, 2016 = $55,000 – Bal ($13,260+$41,740)=$55,000
Fools argue to win, so stay away from them and still say Thank you.
Smart people argue to seek the truth and say "Thank You" when they find that they are wrong.
AI
