Mr Eom7
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Not an expert.. just looking at what they filed
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However as I stated a few days ago , they are NOW at 77 million since Feb 24th traded in volume , float estimated around 90 million on unrestricted shares , give it another 5-10 days .
I want to see they next posting on the shorted volume in OTC Markets since it went up so much in March also.
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Looking at what they converted to shares after paying off the convertible note.. there is about 8 million shares related to that but at .54.... so I would imagine around that march 25th date, some shares were sold by the note holder... but since TOMZ is on the move ... my guess is they did not sell all... why would you since they are are showing progress in all aspects
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From the filing below.
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As of December 31, 2019, we had outstanding options and warrants to purchase an aggregate of 17.9 million shares of our common stock at exercise prices ranging from $0.05 to $2.10 per share. Of these, 620,000 represent shares underlying options with exercise prices ranging from $0.05 to $2.10 per share and 17.2 million represent shares underlying warrants at exercise prices ranging from $0.08 to $1.00 per share. To the extent any holders of options or warrants exercise same, the issuance of shares of our common stock upon such exercise will result in dilution of ownership to existing shareholders.
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Additionally, as a result of our 2017 financing, with a remaining principal balance of $5,000,000 (See Note 8—Convertible Debt), the promissory notes issued are convertible at $0.54 per share into an aggregate of 9,259,250 shares of common stock, if fully converted. As of March 25, 2020, we converted $4,500,000 of the notes into 8,333,333 shares of our common stock and repaid the remaining $500,000 note with cash.
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As part of the original transaction, we also issued warrants to purchase up to an additional 999,998 shares of common stock at an exercise price of $0.69 per share 799,999 of which have expired.
TIME is an ILLUSION
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TIMING is an actual ART
