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Re: None

Monday, 03/01/2021 8:47:23 PM

Monday, March 01, 2021 8:47:23 PM

Post# of 1370
Wouldn't this be diluting shares? The company issued 680,000,000 shares on 24 Feb, 2021 following conversion of 34 Convertible Notes with a Face Value of $25,000 each. That equals (34 notes * $25k) $850,000. $850,000 / 680,000,000 = $0.0013. Sell your 680,000,000 for an avg price of $0.006 = $4,080,000 for a profit of $3,230,000. Is my reasoning and math correct?
$CWGYF

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02347864-6A1022403?access_token=83ff96335c2d45a094df02a206a39ff4