Alkaline Water Comp Inc (WTER)

[barknbud]

Essentially a cashless warrant if revs are over $15mil in any 12 month period--and that's why its dropping like a ton of lead!

"On March 30, 2016, the Company designated 3,000,000 shares ofthe authorized and unissued preferred stock of our company as “Series CPreferred Stock” by filing a Certificate of Designation with the Secretary ofState of the State of Nevada. Each share of the Series C Preferred Stock will be convertible, without the payment of any additional consideration by the holderand at the option of the holder, into one fully paid and non-assessable share ofour common stock at any time after (i) the Company achieves consolidated revenueequal to or greater than $15,000,000 in any 12 month period, ending on the lastday of any quarterly period of our fiscal year; or (ii) a Negotiated TriggerEvent, defined as an event upon which the Series C Preferred Stock will be convertible as may be agreed by our company and the holder in writing from timeto time.

On May 3, 2017, the Company designated 3,000,000 shares of theauthorized and unissued preferred stock of our company as “Series D PreferredStock” by filing a Certificate of Designation with the Secretary of State of theState of Nevada. On November 2, 2017, we increased the number of authorizedshares of Series D Preferred Stock in our company to 5,000,000 shares by filingan Amendment to the foregoing Certificate of Designation with the Secretary ofState of the State of Nevada. Each share of the Series D Preferred Stock will be convertible, without the payment of any additional consideration by the holderand at the option of the holder, into one fully paid and nonassessable share ofour common stock at any time after (i) we achieve the consolidated revenue ofour company and all of its subsidiaries equal to or greater than $40,000,000 inany 12 month period, ending on the last day of any quarterly period of ourfiscal year; or (ii) a Negotiated Trigger Event, defined as an event upon whichthe Series D Preferred Stock will be convertible as may be agreed by our companyand the holder in writing from time to time..."