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Re: Slum Lord post# 121786

Thursday, 02/01/2018 12:25:13 PM

Thursday, February 01, 2018 12:25:13 PM

Post# of 179941

In the Q2 financials it lists in Note 4 a $1.8M note to "Sign". First what is "Sign"? Second and much more concerning is it says the "interest does not accrue since the addendum agreement in exchange for a fixed conversion rate of $.003 per share"...is that just paying interest through shares or the whole note converts to shares? If the whole note, that's $1.8m/.003=600m shares (roughly all the unissued shares)...if its just interest that's $12k/.003=4m shares per month of dilution to pay interest. Obviously its the 600m prospect that scares me, but would they possibly be so foolish as to structure it that way?



Furthermore I have reached out to the company multiple times and haven't gotten a single response regarding the issue.

I was a shareholder here and I am not just bashing the stock for no reason and I do not hold a short position.

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