Cardiff Lexington Corp (CDIX)

[KeepItRealistic]

Depends how fast these current notes get processed before the next ones in mid February start.

Large sustained daily Volume solves the problem

Today’s volume was too low

We need 30m plus days consistently

Or they can simply pay off the notes in February ahead of time

Wishful thinking ?

$CDIX estimated remaining debt

Current Share Structure
as of November 13th

OS 515,434,930
Float 480,087,726
Restricted 35,347,204

There is at least 120 thousand dollars left to convert into shares. They convert at a 60% discount of the low close (.0008) for the past 10 days (see below).
https://ih.advfn.com/stock-market/USOTC/cardiff-lexington-corporation-CDIX/historical

(Originally it was 240k plus interest)
(Two notes, 100k and 140k)

No new notes are available till mid Feb after the current conversions are absorbed into the market.

The current conversion rate on the low of .0008 minus discount of 60% is .00032

120k / .00032 is 375 million conversion shares

The above calculations assumes .0008 holds as the low for the remaining conversions.

conversion rates get reset every time a new low is reached or if the pps stays above the previous low for 10 trading days.

New calculations on remaining debt need to done at each reset

Normally it goes down not up

But anything is possible

This is why its called “Death Spiral Financing”
https://en.m.wikipedia.org/wiki/Death_spiral_financing

Once the market absorbs these new shares I still think this can see .005+ sometime in mid to late Jan/2019 with an OS around 1 billion and no new conversions till mid February, and a much improved Q3.