AI
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Wednesday, March 16, 2022 4:46:49 PM
DEBT PAYMENT DUE TOMORROW
I'm not saying there has been no discussion of the making the payments for this note on this board by RGBP bulls, but close to it! I don't remember a single post by a bull discussion the messy reality. (Not surprising at all... we talk about "but we have patents", yet next to nothing on "how we're gonna pay this off".) As I said, typical in the pinks!
In reading the terms I say Kook-Koos knew right from the start that this would be dilution deal. No way in hell this pink sheet slime CEO is going to make 5 monthly $312k payments! If you saw the financing, default simply means it gets paid off via dilution!
Rough estimate, 40 million shares a month in dilution x 5 months, at these prices!! NICE!!!!!! Can't wait to hear the "market makers and short sellers are holding us down " crap, when in reality the debt holder is going to pressuring the stock in selling off those shares! Looking forward to the future declines due to this debt sell off!!!! Pure pink!
Lastly, as you said, the idea that THIS is what the CEO decides to put out a release about (PR'ing already known patents) instead of addressing tomorrow's potential default, is typical pink sheet comedy! DISTRACTION, ALWAYS works in the pinks!
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Coventry Enterprises LLC, Total: $ 1,500,000
On September 17,2021 the “Company” issued a promissory note in the principal amount of $1,500,000 ( “Note”)....
The Note carries “Guaranteed Interest” on the principal amount at the rate of 5% per annum ....
The Principal Amount and the Guaranteed Interest shall be due and payable in five equal monthly payments of $312,500 commencing on March 17, 2022 and continuing on the 17th day of each month thereafter until paid in full not later than July 18, 2022 (the “Maturity Date”).
Solely following an Event of Default (as such term is defined in the Note) the Note shall become convertible, in whole or in part, into shares of Common Stock at the option of the Holder. The conversion price of the Note is 90% of the lowest per-share Trading Price per share. (hehehe!) Trading Price is defined as the lowest daily VWAP for the 20 Trading Days preceding a Conversion Date.
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The above means these recent lows in the last 2 weeks are upping the amount of dilutive shares! See, my posts about "Milestone New Lows" were even more important than you'd think!!!!!!
I believe the 20 day low VWAP was yesterday, and I have 0.0069 as the VWAP for that day!!!! 90% of that is 0.00621!!
I'm not saying there has been no discussion of the making the payments for this note on this board by RGBP bulls, but close to it! I don't remember a single post by a bull discussion the messy reality. (Not surprising at all... we talk about "but we have patents", yet next to nothing on "how we're gonna pay this off".) As I said, typical in the pinks!
In reading the terms I say Kook-Koos knew right from the start that this would be dilution deal. No way in hell this pink sheet slime CEO is going to make 5 monthly $312k payments! If you saw the financing, default simply means it gets paid off via dilution!
Rough estimate, 40 million shares a month in dilution x 5 months, at these prices!! NICE!!!!!! Can't wait to hear the "market makers and short sellers are holding us down " crap, when in reality the debt holder is going to pressuring the stock in selling off those shares! Looking forward to the future declines due to this debt sell off!!!! Pure pink!
Lastly, as you said, the idea that THIS is what the CEO decides to put out a release about (PR'ing already known patents) instead of addressing tomorrow's potential default, is typical pink sheet comedy! DISTRACTION, ALWAYS works in the pinks!
--------------------------------------------------------------
Coventry Enterprises LLC, Total: $ 1,500,000
On September 17,2021 the “Company” issued a promissory note in the principal amount of $1,500,000 ( “Note”)....
The Note carries “Guaranteed Interest” on the principal amount at the rate of 5% per annum ....
The Principal Amount and the Guaranteed Interest shall be due and payable in five equal monthly payments of $312,500 commencing on March 17, 2022 and continuing on the 17th day of each month thereafter until paid in full not later than July 18, 2022 (the “Maturity Date”).
Solely following an Event of Default (as such term is defined in the Note) the Note shall become convertible, in whole or in part, into shares of Common Stock at the option of the Holder. The conversion price of the Note is 90% of the lowest per-share Trading Price per share. (hehehe!) Trading Price is defined as the lowest daily VWAP for the 20 Trading Days preceding a Conversion Date.
-------------------------------------------------
The above means these recent lows in the last 2 weeks are upping the amount of dilutive shares! See, my posts about "Milestone New Lows" were even more important than you'd think!!!!!!
I believe the 20 day low VWAP was yesterday, and I have 0.0069 as the VWAP for that day!!!! 90% of that is 0.00621!!
