Saturday, April 17, 2021 11:10:09 AM
This is how I calculated 1.5 cents per fully diluted shares
FINANCIAL REPORT, AS OF 12-31-2020
24,134,783,986 OS
20,224,643,240 Kelly Whelan (IBEC, LLC) convertible notes
21,511,296,207 Other Related Parties convertible notes
65,870,723,433 Total OS, KW and Other Rleated Parties (fully diluted)
$1 billion sale price
$1,000,000,000/65,870,723,433 fully diluted shares = $0.015/share
Keep in mind that there is another $1.25 million in convertible debt held by non-insiders. The # of shares required to honor the conversion option is not disclosed.
Based on a $0.015 per share sale price, the payout would be:
$307,035,390 Kelly Whelan
$326,568,392 Other Insiders
$366,396,219 Public investors
$1,000,000,000 Total Sales price
So, for a "one-time, undocumented, nominal investment" (SEC filings) KW could walk away with $307 million dollars. This payout makes Bernie Maddoff look legit.
All of my comments are based on my own due diligence and are only my opinion. Please conduct your own due diligence and research before deciding whether to buy or sell any stock. My posts are for entertainment only.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM