American Leisure Holdings Inc (AMLH)

[samsamsamiam]

Those 300 (296 actually) million shares were in exchange for $14,800. of that debt Dietrich and Coaches picked up.
What happens with the next round of conversions?
Not enough Believers here to absorb all of those shares.

On March 3, 2017, Highgarden Capital Growth, Inc. and CDN Associates, LLC (“Buyers”) purchased the balance of debt remaining. In a Notice of Conversion, the Buyers elected to convert the principal amount of the Note into shares of the Company’s common stock based on a draw-down of the debt as follows:
Date
5/8/17 5/8/17
TOTALS
Shares Issued
148,000,000 148,000,000
Price Per Share
0.00005 0.00005
Amount of Debt
$7,400 $7,400
Debt Owner
Highgarden Capital Growth, Inc. CDN Associates, LLC
296,000,000 shares cancelled. Debt Draw down as of 5/30/17: $14,800 Balance of Debt Remaining as of 5/30/17: $176,500 - $14,800= $161,700

Then add on top of that the rest of the debt listed in that $430,000. What sort of conversion will be done for those once they get current?