10Q summary- FORECAST-Losses/Dilution Six month figures Revenue - $3k Cost Goods Sold – $2.2k Gross Profit $862 Operating Expenses - $1.38 million EBIDTA (Loss) - $(1.36 million) Cash Burn in Ops- $1.09 million
In the money warrants 92.5 million shares between $.03 and $.06 to SK L-43 14 million at $.05 held by CEO 3 million at $.08 held by GLFH investor 1.9 million at $.04 held by SK L-43 1.9 million at $.08 held by SK L-43
Currently Outstanding Toxic Notes $200k to RxMM – 25% discount to 30-day avg preceding closing price $35k to EJR – 22% discount to 10-day avg preceding closing price $35k to LG – 45% discount to 12-day avg preceding closing bid price
Currently Outstanding Other Debt $1 million to SK L-43 $330k (total) to Black Mtn Equities and Gemini Master Fund $143k to GLFH Investor
Toxic Note Conversions in Q2 2 million shares at $.02 on 4/18/17 392k shares at $.08 on 6/16/17
When you think "there can't be that many people falling for this", remember the Bernie Madoff story and recall that over $50 BILLION of smart money fell for a great story.
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