Tuesday, June 19, 2018 1:52:24 PM
Possibly as low as an 80% discount to the previous 10 days at the time of the conversion.
4. Defaults and Remedies.
Any Conversions made following a judgment or arbitration award shall be made pursuant to the following formula: the amount of the judgment or arbitration award being converted divided by 80% of the lowest Closing Bid Price in the ten (10) Trading Days immediately preceding the date of Conversion.
https://www.sec.gov/Archives/edgar/data/1689066/000147793218000962/sigo_ex102.htm
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