Good Morning,
We now have the official announcement with much optimism from the company.
For us shareholders one needs to look into the previous announcements and their projected growth analysis on what to expect.
We do have one issue with respect to the remaining note and it does come with a burdened dilutive nature. Currently we are sitting at a MC of $630K on O/S of 575,902,317.
The "Under the terms of the 3(a)(10) Settlement, $1.9 million of Convertible Notes may convert into unrestricted shares of common stock subject to a 9.99%". Now this is a moving calculous, but it amounts to roughly 900m shares give or take. The important factor to keep in mind on this, is in what environment will these shares move into the retail market. Remember, the volume dictates the amount that moves around these shares and that will largely depend on the company to disseminate a string of very encouraging news. But overall, it will increase our O/S by at least 900m and when you add up the current O/S we will be looking at 1.5B O/S when this note ends Ok, we got that in now and on the surface, it isn't really that bad, but never-the-less still a dilutive nature.
So, if these shares hit in time, our MC, considering the present figures of 2024 projected growth (the company's projection of $5m ) will be .003. The math is 1.5B O/S devided by $5m projected REV. = .003 price per share. The floundering within this price range is this note and the street always takes actuals that are present and not future projections.
What to expect is one tidbit on a coming announcement with collaboration with a major internet provider. This was mentioned in a very current last quarter release from the company. This will change the dynamics of this current malaise we are in.
I am optimistic on so far what the company has released and feel this is a buying opportunity and at least a hold through 2024 as events play out. What I do hope would be a buyback on this note and this would take us much further and allow a share structure to a true fair value.
Depending on this collaboration and the extent of projected Rev. our range will float within the high of .003 under the current note and to move into pennyland the note has to end.
Have a good day
varok
Bullish
