Tuesday, June 20, 2023 6:14:58 PM
and the 1.3M due as compensation and expenses to certain directors and consultants. No interest bearing.
So ;
1.3M due / no interest
2.27M loan callable (due on demand, not called yet) 2.24M indicated page 12 as due in 2024
0.517M convertible notes with interet 6-15% / conversion price = about 50% stock price (so at 0.008, conversion would be around 0.004 = 129.5M shares to be granted. (not counting the interest) ***
1M in interest to pay : not sure when due.. but to be paid... in some way, with shares or cash.
*** to be crystal clear:
The convertible debentures are convertible at ratios varying between 45% and 50% of the closing price at the date of conversion through, at its most favorable terms for the holders, the average of the three lowest closing bids for a period of 5-30 days prior to conversion.
So ;
1.3M due / no interest
2.27M loan callable (due on demand, not called yet) 2.24M indicated page 12 as due in 2024
0.517M convertible notes with interet 6-15% / conversion price = about 50% stock price (so at 0.008, conversion would be around 0.004 = 129.5M shares to be granted. (not counting the interest) ***
1M in interest to pay : not sure when due.. but to be paid... in some way, with shares or cash.
*** to be crystal clear:
The convertible debentures are convertible at ratios varying between 45% and 50% of the closing price at the date of conversion through, at its most favorable terms for the holders, the average of the three lowest closing bids for a period of 5-30 days prior to conversion.
- Some of the less friendly observers have determined that we will abandon our principles and reveal ourselves as shallow cynical exploiters. We must disappoint them... quite simply put, we walk our talk -
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