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Post# of 35337
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overthehedge2

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overthehedge2

Re: cornbread post# 34913

Monday, 11/02/2020 9:00:36 AM

Monday, November 02, 2020 9:00:36 AM

Post# of 35337
The Power Up loan can convert at 65% of the share price. Am I reading it correctly that a $1M investment under those terms would currently give you 33.3M shares? If yes, there are 51.45M shares outstanding so that $1M investment would give your 39% ownership; 33.3M of 84.75M outstanding shares. If the stock drops to the ask of .0286 that conversion is 53.75M shares or 51% of the company.
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