Upcoming notes. Updated
So were onto the subsequent events part of the 10Q. These are the remaining notes we'll know about until that beautiful 10K comes out in May.
I'll also list the alternate conversion price, as well as the reserves required. The date will be the approximate date for conversion based off 180 days from when it was written.
4-1 $55,000 : 65% of low close : 8X reserve
4-23 $30,000 : 65% of low close : 10X reserve
4-24 $118,000 : 40% of low close : 8X reserve
4-29 $91,500 : 65% of low close : 6X reserve
4-29 $91,500 : 65% of low close : 6X reserve
4-29 $91,500 : 65% of low close : 6X reserve
So far our low close is $.0024 on 3-20, and it has to be within 20 days of the conversion date.
Add it all up, based off that closing price, and for April we add another 353,365,383 shares. At that price, it would take another $848,076 to buy all those.
Also our delisting day should be April 11th. Either that or he can pump it up over $.01 to reset the clock.
Quite the incentive for Edwin to get this deal done.
