Notis Global Inc. (fka NGBL)

[penknee]

It would be 19.6 billion shares for every million dollars borrowed. Chicago Ventures had at least $600,000 in debt at one time if I remember correctly. Redwood and their subsidiary have at least $5,882,242 plus interest in convertible debt. Even if Chicago Ventures already converted their shares, Redwood’s shares would be well over 100 billion if they converted them all. That’s only a small amount of debt Notis took on in 2016 and 2017 and it doesn’t include warrants that may or may not have been issued. We don’t know since Notis won’t tell us, but I’m guessing Notis is giving away the farm to Redwood, otherwise they would have no choice but to raise the a/s.

Here’s a link to the 8 k/a that explains it all.

https://www.sec.gov/Archives/edgar/data/1547996/000161577416007781/s104435_8ka.htm

The Company and the Subsidiaries also entered into an Exchange Agreement with Redwood, pursuant to which Redwood agreed to exchange each of the Company’s outstanding debentures issued in favor of Redwood (in the principal outstanding balance amount of approximately $5,882,242 (plus accrued interest) (the “Original Redwood Debentures”) for certain 10% Convertible Debentures issued by the Subsidiaries, due June 30, 2017, on substantially the same terms as the Redwood Debentures (the “Subsidiary Debentures”).