AI
Saturday, March 24, 2018 9:30:22 PM
I'm talking about preferred stock not debts
ANDI has no money to pay off the debts but even if they did they only had $37,000 in debt as of January 31, 2018
Yes that $37,000 is a huge dilution threat since ANDI issued 558,765,000 free trading shares last quarter to pay off just $7,500 in debt, but the bigger threat is those 18,752,860 Series B convertible Preferred stock convertible into 37,505,720,000 more free trading common shares.
ANDI has no money to pay off the debts but even if they did they only had $37,000 in debt as of January 31, 2018
Yes that $37,000 is a huge dilution threat since ANDI issued 558,765,000 free trading shares last quarter to pay off just $7,500 in debt, but the bigger threat is those 18,752,860 Series B convertible Preferred stock convertible into 37,505,720,000 more free trading common shares.
