Galenfeha, Inc. (GLFH)

[tchalla]

based on what i was able to calculate, you guys have about 7.1 mil more or less shares to churn through to pay for about $53-$55k left on the conversions. $76k +12% interest is about $80k at this juncture, and the debt discount is 60% of the lowest trading price in the 15 days prior to conversions. there have been about 17 mil shares have traded since the notes became convertible, and about 4.5 mil of those should have been conversions at an average convertible discount price of .006 or a little more, which is about $25k of the $80k. so, if the pps stays above .012, which is the lowest convertible price of the last 15 trading days, then the remaining debt should be converting at an average of .0072 and higher as the days go by. if you use the .0072 figure assuming that the volume increases and the convertibles are able to finish up in the next week, it would be clear sailing. if news comes as some of you have said on tomorrow, it could help the remaining $55k debt very easily absorbed. 7 mil shares is peanuts. if cheeky is right, and the news is hot, glfh could act like intv and make that dollarland run very soon.