Axim Biotechnologies Inc (AXIM)

[Blue Skys]

The conversion on the recent note is based on the lowest two closing prices in a 10 day period. Allowing for the holiday and 4 days for the 8k if last Friday and Monday are the low closes for the 10 day period I expect an 8k on or before June 10. If the note doesn't convert at a low price it reverts to the fixed conversion price. It will be interesting to see if the note holders are sufficiently bullish to convert their notes or if they wait and see with the slightly higher conversion price locked in. If they are waiting for a lower conversion price they are competing with our new buyer for shares. The 10Q didn't use the entire extension period for the first time ever so it will be interesting to see if there is a note conversion reported on an 8K in a shorter time frame as well.