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Friday, 05/29/2020 2:31:11 PM

Friday, May 29, 2020 2:31:11 PM

Post# of 8930
https://www.otcmarkets.com/filing/html?id=13978462&guid=xcWHUHIUeRV-23h

Shares Reserved and for Future Financings



Management estimates that for all of the above loans, the total number of shares required to be reserved as of February 13, 2020 is approximately 3,500,000,000. The debt is convertible, and the equity line financing is exercisable, at a rate that is dependent upon the trading price of our Common Stock and, as such, is variable. If our trading price per share should decrease, the number of shares required to meet our reserve obligations and exercise our equity line financing would increase proportionally.