Followers | 54 |
Posts | 10318 |
Boards Moderated | 0 |
Alias Born | 12/01/2005 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, April 22, 2021 10:03:44 AM
It changes based on the Market Price of TEUFF on the date the conversion is executed. I'm just estimating because the interest rate calculations are not in my spreadsheet. I'm not sure I could even write the code, but somebody could do the math and come up with an accurate number.
My guess is about 8000 to 1 if the "share cap" has reached $40, and the price of TEUFF is locked at .005. "Share Cap" increases daily at an annual rate which cannot be more than 25%. If my estimate is close, it would be $50 a year from now. 6 payments in arrears was the first default date. Interest rate has increased since then. The company also defaulted on the redemption date last year.
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM