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Monday, October 29, 2018 10:33:28 PM
Now if we look at that note you presented it says $300K in sept and 166K in November. We now the term are 55% lowest pps so that $300K would have added roughly 550 million shares to the OS which did not happen in sept/oct and the $166K would add 380 million and you look at the stated fact from the CC in August where Bob Said there is only two notes left for 257K. The timeline suggests the 300K would have been restructured.
So all this tells me that Bob has restructured that note and had the entire balance of the note turned into preferred shares.
As well I don’t think a big IB firm would touch us if they let another 900 million shares from dilution add to the OS.
In my opinion of course.
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