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Re: chereb19 post# 321926

Tuesday, 09/01/2020 7:28:31 PM

Tuesday, September 01, 2020 7:28:31 PM

Post# of 343671
When one converts a note at a 68% discount - that is toxic funding - I walked you through the process of the conversion - but I will help once again.

"August through September 2019 $300,000 Notes convertible into common stock at $0.0032 per share, 15% interest, due one year from issuance (August through September 2020) with issuance of 46,875,000 warrants with a term of three-years and an exercise price of $0.0064 per share"

For edification on how the conversion works - I will just use $300,000 and not include interest.

So today the discount is 68%.

$300,000 / $0.0032 = 93,750,000 shares

At the current price that is 93,750,000 x $0.01 = $937,500 - damn that is a nice profit for 1 year.

Post your DD to prove this isn't accurate.

IG

"Are you gonna pull those pistols or whistle Dixie?"