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Wednesday, March 04, 2020 5:06:07 PM
They can only sell so many. Convertible notes (to shares) are the mechanism to distribute (sell) shares. The important question and the only one that really matters is...who is buying the shares? If it's either the "company" (insiders thru 3rd party) or the toxic note-converters (thru 3rd party) then there is a very strong reason for one or the other...or both...to run it up. :)
If it's not them buying...or someone else...then we dilute out and reverse split. Can't dilute much more as the distribution mechanism (toxic convertible notes) are nearly done and have not been replenished. Selling unregistered securities requires an 8K within 4 business days of said event (sale of convertible notes/private placement)...or needs to be disclosed in the latest 10Q if done before the end of the Q or disclosed in the Subsequent Events section of that same 10Q if done after period end. The only convertible note added (sold) since the previous Q (for period ended Sep 30 2019) was the $38,000 note (Aug 19 2019) which is what is being paid down now, in my opinion...doesn't have to be entirely paid off before a run starts...there's that 15 TRADING day lookback clause...allowing the note converter to convert based on that $0.0002 (42% off discount) print yesterday....into the next 15 TRADING days...which takes us up into the Harvest... :)
Any new convertible notes sold, or private placements executed, come with a 180 day (6 month) SEC restrictive period. The $38,000 c-note just became free trading around February 19th and is being whittled down as we head into the backstretch...
I posted this, below, about 6 weeks ago:
If it's not them buying...or someone else...then we dilute out and reverse split. Can't dilute much more as the distribution mechanism (toxic convertible notes) are nearly done and have not been replenished. Selling unregistered securities requires an 8K within 4 business days of said event (sale of convertible notes/private placement)...or needs to be disclosed in the latest 10Q if done before the end of the Q or disclosed in the Subsequent Events section of that same 10Q if done after period end. The only convertible note added (sold) since the previous Q (for period ended Sep 30 2019) was the $38,000 note (Aug 19 2019) which is what is being paid down now, in my opinion...doesn't have to be entirely paid off before a run starts...there's that 15 TRADING day lookback clause...allowing the note converter to convert based on that $0.0002 (42% off discount) print yesterday....into the next 15 TRADING days...which takes us up into the Harvest... :)
Any new convertible notes sold, or private placements executed, come with a 180 day (6 month) SEC restrictive period. The $38,000 c-note just became free trading around February 19th and is being whittled down as we head into the backstretch...
I posted this, below, about 6 weeks ago:
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