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Re: Macod post# 2932

Wednesday, 02/20/2019 9:22:17 PM

Wednesday, February 20, 2019 9:22:17 PM

Post# of 41570
It's all a function of their conversion rate which is as clear
as mud when the word average gets deciphered. I'm thnking at the very most it could be 5 mil BUT could be 1 mil. Also will they chose to keep a few for later. Big news and a few 20 mil share days and it won't matter.


Convertible debenture, unsecured, interest bearing at 12% per annum, issued August 6, 2018 in the amount of $35,000 with fees of $3,000, cash proceeds of $32,000, convertible at February 2, 2019 with conversion price at a discount rate of 49% of market price which is the AVERAGE of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of May 30, 2019. As of October 31, 2018, there was a principal balance of $35,000. This note becomes convertible on February 2, 2019