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Re: Bobinsd post# 39340

Thursday, 11/18/2021 4:00:28 PM

Thursday, November 18, 2021 4:00:28 PM

Post# of 41910
The note conversions are typical of toxic lenders.

E.g. On October 6th, the share price was around $0.0019 when a note of $56,175 was converted into 59,131,579 shares.

59,131,579 x $0.0019 = $112,350.

Which means the lender effectively doubled their money.

The Preferred A Share conversions are interesting.

The Preferred Shares are valued at $10 per share.

On October 6th, 15,000 Preferred Shares at $10 per share ($150,000) somehow became $285,000 worth of common stock.