AI
Wednesday, May 06, 2020 11:56:42 AM
I'm not sure those notes are still coming, just look at the totals given from the 10k, the subsequent conversions, and the exchange of debt for preferred shares. By the numbers, and if the $259k was the convertible debt of Bountiful, it looks like they may have wiped ALL the convertible debt off the books.
They gave a balance of $342,850 in the 10-k
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Subsequent events showed $100,358 in conversions and $259,598 transferred to preferred shares.
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Add the $13,577 converted in the last 8k and that is a total of $373,633 which would definitely cover the entire balance of $342,850, including the 2 December notes, listed in the 10K plus interest and fees.
The 10Q will give confirmation but by the numbers, it looks like those notes may have been covered in the trade for preferred shares.
9 days until the 10Q!
CLWD!!
They gave a balance of $342,850 in the 10-k
.png)
Subsequent events showed $100,358 in conversions and $259,598 transferred to preferred shares.
.png)
Add the $13,577 converted in the last 8k and that is a total of $373,633 which would definitely cover the entire balance of $342,850, including the 2 December notes, listed in the 10K plus interest and fees.
The 10Q will give confirmation but by the numbers, it looks like those notes may have been covered in the trade for preferred shares.
9 days until the 10Q!
CLWD!!
