Sunday, August 20, 2017 5:48:24 PM
Where does unjust enrichment come into play here, or does it not? Just doesn't seem logical that full conversions could take place at .001 given the current share price. If OMVS was $1.6M in convertible debt and the current share price is .175 dollars, $1.6M divided by .175 dollars/share (many of these shares were obviously sold above that) that's about 10M shares to call it square. Obviously they aren't going to get off easy like that, so say they have to pay 5-10x what they initially took on in debt. Now we're looking at 50-100M shares. Add that to the 71M outstanding at the previous 10-Q and only looking at 120-170M shares, which isn't that bad at all. If I'm talking out my ass here please let me know, but I don't think you can just totally gut a company by making timely loans at ridiculously low conversion rates. You can capitalize big, but not THAT big when OMVS has become substantially more valuable in recent months.
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