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Saturday, January 18, 2020 6:33:23 AM
that takes effect on 1/27/2020.
The last increase filed took effect on the same day (10/01/2019).
This one was filed on 1/17/2020 and takes effect on 1/27/2020. I think we have to wait and see what the new number of shares will be.
I think the noteholders want to convert a number of shares greater than 800 million (what's left currently), and Alonzo is going to facilitate that.
Since they can convert at 0.00005, it takes a billion shares to clear $50,000 in notes. ISWH/Alonzo had a couple of notes that size come due in the fourth quarter of 2019.
They can put a billion shares on the ask at .0001, and still make 100% gain on their money. Is that great (for them) or what?
We just need a bunch of new posters to get the trade frothy. Noteholders would be very pleased to get more than 100% gain, and we have seen some of that already, in my opinion.
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