Wednesday, March 07, 2018 1:45:17 PM
We DO know how much of yesterday’s note it left though or rather the MAXIMUM that could have been converted into the open market yesterday.
$107,000 converted at 45% lowest of 25 trading days? $107,000/.00045=237,777,777 shares assuming the PPS doesn’t fall below .001 before this note is fully converted.
Also we know the current OS is 426,884,808 so as they can ONLY hold 9.99% at any given time (and when they move to .06 or whatever parking spot that’s them waiting for the TA to convert more shares FYI) 42,645,692 shares per conversion or $19,190 of their $107,000 note can be converted at one time.
So IF they can sell 42,645,692 shares every day they will need just over 5 trading days to convert the note that was available as of the 6th of March.
BS email responses from the IR company stating company is working on a restructuring or anything other than allowing the note to convert is silly wishful thinking on the company’s part. Note holder waited 6 months and are now seeing 1000% gains on their money - buy shares at .00045 and sell for .003 or higher? Would you stop and agree to hold off?
I wouldn’t.
Buy their shares and the note is a non issue. Simple and clean.
$DSGT
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