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Re: I ll be back post# 13779

Friday, 12/18/2020 12:19:13 PM

Friday, December 18, 2020 12:19:13 PM

Post# of 19526
Great post.

IMO and from what I’ve read in the filings, the raise in the AS to 1 trillion is needed in order to sell B shares. There needs to be enough common stock to cover the conversion of B shares. Since the B shares seem to be their strategy for raising money, I wouldn’t be surprised to see them do an additional round of B shares. The initial raise as stated on the last conference call is $5 million. So if you go through the math, each share of common stock is valued at .0001 in the SEC filings. For every $1 million in B shares, there needs to be 10 billion shares of common stock available. $5 million in B shares is 50 billion additional shares. Now take into account the convertible debt which needs 3x the shares that will be converted in reserve. It has not yet been addressed how this debt will be handled, but it must be accounted for in the AS. It is probably less disruptive to raise the AS to one trillion and have the flexibility to sell a lot of B shares than keep raising the AS and making shareholders panic each time they do.

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