Thursday, August 22, 2019 8:56:52 AM
I guess you noticed that they only provided shares o/s as of 6/30 so we didn't learn anything except that they didn't issue any between Friday 6/28 and Sunday 6/30.
Sometimes the Subsequent Events section can be revealing. In ISWH's case it's only humorous. Here's the whole thing:
"Note 14 – Subsequent Events
The Company has evaluated subsequent events through the date the financial statements were available for
issuance on August 19, 2019."
That was it. Weren't there any? Did they decide they weren't worth talking about?
See....Funny!
"During the three months ended June 30, 2019, the Company issued a total of 93,000,000 shares of common stock
pursuant to the conversion of an aggregate $9,300 of principal. The Company issued an additional 122,000,000
shares of common stock to settle penalties in the amount of $12,200."
That's converting at $.0001/share. Sure would be interesting to know where that rate came from.
I'm seeing conversion rates in the note table that say "The Note bears interest at 10%,with a maturity date of June 18, 2020, and is convertible at the lesser of a)
$0.0001 or b) 50% of the lowest traded price over the twenty (20) trading days immediately preceding the conversion notice.
For "50% of the lowest traded price over the twenty (20) trading days immediately preceding the conversion notice" to be lower than $.0001 the shares would have had to have traded at less than ~$.0002 and they didn't.
WHO GOT THOSE DEALS?
Still can't figure out where the $875K cash went but by process of elimination it could ONLY have gone to pay off notes. (I know that seems unreasonable but no material assets were created.)
I'm afraid I need to stick to my original answer:
I suggest that you ignore that. In fact I would suggest that you ignore all of it.
But can it core A apple?
Yes Ralph, of course it can core A apple.
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