The debt remaining is NOT 2.7 million. One has to do a little math and include the 20th and the 19th. Usually a company doesn't have updated numbers until the following business day so that 8k filed on the 19th most likely gave numbers as of close on the 18th. Using avg share price on the 19th and 20th along with volume and then using 40% or so as educated guess of percent of volume the total debt is probably around 1.25 million less then the 8k states. Remaining debt is more like 1.5 million. Pay attention to volume, not days or time. It will be volume that removes the debt.
Also, the huge decline straight down from 20 cents occurred so violently because there wasn't much volume at all until the pps hit 4 cents. The converter on this is very aggressive and without volume it destroyed the pps in short order. Volume then kicked in once the pps was at 4 cents and started to eat away at those conversions. If volume remains high then the converter will be finished very soon here.
That 8k gave very important information. It gave exact numbers of the debt and from there I can rough estimate what's remaining day to day. Now knowing what was converted and what was left helps a ton. The conversions were the destroyer and the unknown about the conversions. The reverse split talk is at this time is pre-mature. QB has to first authorize authority to even vote on one. Then they have to vote, then next step is they have to give notice, then next step they have to do the paperwork, then lastly get it approved by regulators. As far as reverse split the company is at step one. The conversions is what I was concerned with, not reverse split speculation. The conversions were/are happening real time. Reverse slit is weeks maybe even months out. It's like worrying about a fire that could happen in your living room weeks from now but yet not paying attention to the fire that is currently ongoing in the kitchen.
By now knowing the debt numbers I now have the information I need to make money on this thing, and I will.
Knowledge + risk taking = prosperity
