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Re: E A post# 151436

Wednesday, 08/03/2022 6:09:35 AM

Wednesday, August 03, 2022 6:09:35 AM

Post# of 152037
Dont forget the discount. Here are my numbers:

$500,000 note that converts at 63% off the lowest price last 20 days.

The lowest price is currently .0006. Adding the 63% discount to that I will Generously say current conversion rate is at around .00025. And the math turns south fast as the price ticks down from here.

To convert $500,000 at .00025 would take 2B shares(if holds low of .0006). And considering this barely trades $5,000 per day… not hard to see whats about to happen: .0001. Death sentence. And as the price goes down, the number of shares it takes to fulfill the note… rises exponentially. Wouldnt be suprised to see a 10B authorized here soon(and that might still not be enough, sadly).

Unfortunately, 2B shares is absolutely the best case at this current time, and thats with making a crazy assumption that they convert it all at once, which wont happen. Again, they will get more shares as the price plumments converting in tranches. And tranches also to avoid having to file 5% ownership. Its incredible how this toxic loan system is setup. The only true wolves of the penny world.

This could very well be the CONpanies death sentence. Floorless toxic convertible debt. How grand.

These guys never cared. No wonder they let Nuggets back in… its for the fiery crash and burn that was coming all along. Now watch as Dr Jon dies or exits stage left… who is left? Nuggets.

This will be my last post ever in or around TTCM. ARknet might not be a scam, but the way it was funded made sure it was DOA.

My only advice. And I say this very genuinely. Get out while you still can. As this dies, assets will be transferred to ARknet Inc. and there will literally be nothing left here.

Sometimes its Skil, Sometimes its Luc.

I Appreciate All Member Follows!

Desperate Sellers Become Desperate Buyers. Vice Versa

ALL IMHO.


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