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deal guy

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deal guy

Re: Jabez Advisory post# 46939

Monday, 12/18/2017 5:39:18 PM

Monday, December 18, 2017 5:39:18 PM

Post# of 68550
The derivative change is not impacting valuation and shouldn’t. It is voodoo accounting. The important item is the number of shares issuable to the convert holders not the derivative liability.

The derivative liability vaporizes under gaap when the shares are issued. It is one of the stupidest accounting pronouncements ever issued.
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