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Saturday, July 25, 2020 8:24:31 AM
20 ALYI shares x $.05 = $1 value of 1 RevoltToken (RVLT)
$25,000,000 = 25,000,000 RVLT
25,000,000 RVLT x 20 ALYI shares = 500,000,000 ALYI shares
Consequently, ALYI has to reserve 500,000,000 shares for a potential conversion. The OS as of 7/23 is 892,926,281 shares, so it seems they've issued those 500 million shares to cover the conversion. However, ALYI is currently trading at closer to $.01/share which would put the reserve requirement at closer to 5 x 500 million or 2.5 billion shares. Assuming that the SEC accepts their valuation process, how often would they have to revalue the conversion shares. This doesn't even include the additional tranches to get them to their $100 million investment.
Les
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