Wednesday, February 07, 2024 9:36:08 AM
Based on the 2022 financial statements, there are 2 old convertible notes inherited from previous ownership.
1. $52,344 convertible at a 50% discount
2. $300,000 convertible at .0005
The first note equates to about 350 million shares at the current share price. The second note equates to 600 million shares.
A grand total of 950 million shares to clear the books.
According to OTC updates, the outstanding shares increased by about 600 million between November and January. Assuming the volume over the last two days was also dilution, that's close to another 300 million.
A grand total of 900 million shares.
My math may very well not be perfect, but the idea remains the same.
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