AI
Tuesday, May 22, 2018 2:27:18 PM
An interesting note from the quarterly report I'm not sure was mentioned yet (besides the controversy about there being no revenues despite the acquisition of ClassiDocs occurring on January 26, 2018) is the fact that the $125,000 Note is in fact convertible into free trading stock at $.00005/share (not $.0001/share).
The quarterly report discloses that $3,750 of the Note was converted into 75,000,000 free trading shares of stock during Q1.
https://backend.otcmarkets.com/otcapi/company/financial-report/193887/content
That means that the remaining $121,250 is convertible into 2,425,000,000 free trading shares
that's pretty scary!!
Is LDSR going to be able to find enough people to buy up those 2,425,000,000 shares so that it doesn't kill the share price?? Highly doubtful.
The quarterly report discloses that $3,750 of the Note was converted into 75,000,000 free trading shares of stock during Q1.
https://backend.otcmarkets.com/otcapi/company/financial-report/193887/content
That means that the remaining $121,250 is convertible into 2,425,000,000 free trading shares
that's pretty scary!!
Is LDSR going to be able to find enough people to buy up those 2,425,000,000 shares so that it doesn't kill the share price?? Highly doubtful.
