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Re: Shmoney1 post# 4795

Thursday, 04/23/2020 3:26:59 PM

Thursday, April 23, 2020 3:26:59 PM

Post# of 44040
Enlighten you?

At the current price of $.0003, it's likely note holders will draw on the note at their discount. That means the anti dilution conversion rate for Series A alone is probably now about 1B shares. I believe if you do the math, you will find the Company is currently insolvent and does not have enough authorized shares available to cover both its debt and Series A.

I can help you locate the disclosures in the filings that suggest as much if you like.

Volume:
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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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