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Thursday, February 22, 2018 10:59:16 AM
First, not sure how many of you are aware of this but we have done FOUR 3(a)(10) with Northbridge since July of last year. Our most recent being on feb 14th (below).
I am providing the details from the last 3(a)(10) so we can see and utilize the same language.
JAN 18' Settlement
It says 50% of the market price, but I’d assume its 50% of lowest 20 day. Therefore, I will use the current conversion price and show that the amount of shares reserved will probably not need utilized.
Current conversion price is .00075.
We owe them $114k.
$114,000 / .00075 = 152 million shares <--- This is what we probably added to the OS for Jan 18' Settlement
Our OS was 373 mil on jan 22 18'.
373 mil + 152 mil = 525 mil <--- Rough OS after that Jan 18' conversion
FEB 18' Settlement
Now, lets add the new 3(a)(10) which also equals roughly $115k. We are also going to utilize the same language we used before but give it a conversion price of .0007.
$115,000 / .0007 = 165 mil <--- How many shares the new 3(a)(10) should add
525 mil + 165 mil = 690 million shares <--- This is a rough "guesstimation" as to where I believe our OS will be after the recent 3(a)(10).
YES, based on the SS from OTC markets, I believe we have about 15-30 mil more shares to convert and we are done with these wretched 3(a)(10)'s for the time being and hopefully for good
Here is the most recent 3 (a)(10)
![](http://investorshub.advfn.com/uimage/uploads/2018/2/22/xvxbgScreen_Shot_2018-02-22_at_10.37.35_AM.png)
![](http://investorshub.advfn.com/uimage/uploads/2018/2/22/ui[uvScreen_Shot_2018-02-22_at_10.37.44_AM.png)
Just takes a little DD and NOT GUESSING is ALL
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