Thank you! Are they not limited to converting only 10% or less of the float according to the 13G?
On the date of the event which requires filing of this Statement, reporting person Tonaquint, Inc. (“Tonaquint”) has rights, under a Convertible Promissory Note to own an aggregate number of shares of the Issuer’s common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that Tonaquint may own, would exceed such a cap. Tonaquint’s ownership cap is 9.99% of the Issuers outstanding shares. Thus, the number of shares of the Issuer’s common stock beneficially owned by Tonaquint as of the date of this filing was 657,507,098 shares, which is 9.99% of the 6,581,652,628 shares that were outstanding on that date (as reported in the Issuer’s Form 10-K filed on August 25, 2017).
