InvestorsHub Logo
Followers 82
Posts 4019
Boards Moderated 0
Alias Born 12/16/2006

Re: uvaphd post# 10633

Thursday, 01/03/2019 12:02:09 PM

Thursday, January 03, 2019 12:02:09 PM

Post# of 18500
Actually the company already received the money from these toxic notes that are converting.
The dilution you've been seeing is the debt holders converting their shares they received at a pps of .000232
For example:
$339,000. Note due today
Crown Bridge Partners Note due on Jan. 3rd 2019 of $339,000
so with them getting shares to sell @ .000232
(based on their 42% discount to the resent low of .0004)
it will take 1,461,206,896 shares to satisfy this note.

That's just one of the notes coming due , there are many more to come in the next few months. That's why the company just raised the A/S to 8 Billion because they knew what was coming.

Good luck