They get shares at a 42% discount! They also calculate the value of the "average pps" as the average of the LOWESTthree trading prices (not closing pps) out of the ten previous trading days.
To clarify, for the $26,002 they owed Asher in April, the "average pps" calculated as stated below would have been 0.0018. They would have received a "discount rate of 42% of the then going Market Price" which means Asher received the shares at $0.0008, and if they converted the entire note they received 35M shares. That is in April alone!
June Note: Shares were received for 0.0013pps, and if they converted the entire note they received 28M shares!
July Note: due tomorrow, shares will be received at 0.0027pps, and if they converted the entire note they will receive 11.8M shares! The lowest three trades out of the previous 10 trading days were 0.0065, 0.0065 & 0.0066.
So that you don't have to do the math, it is as follows:
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