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Monday, August 13, 2018 5:42:05 PM
New flow-95m of that is deravitive liabilities-warrants, hence the need for 7 b new shares -take all this out -45 m in revenue-that is key
Only problem is at 7 billion new shares, the share price would need to be .0136 or higher to pay off 95 million.
At current share price 7 billion shares only pays of 7 million in debt. Not to mention once the toxic debt is paid off the company intends to borrow addition money at (hopefully) more favorable terms.
In summary, your current shares are going to get diluted down to pay off current bad debt so that the company can take on more (conventional) debt in the future.
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